VICTORIA — The British Columbia Ferry Commission has set a price cap on ferry fare increases of 9.2 per cent for each of the next four years.
However, both the transportation minister and BC Ferries say the commissioner didn't factor in the recent $500-million provincial government contribution meant to keep rates more affordable.
Transportation Minister Rob Fleming says in a response to the statement that he wants to assure those who use the coastal ferry service that the goal is to hold the annual fare increase to three per cent. Hage says the higher price cap in her preliminary decision is contingent on BC Ferries identifying $10 million in operating cost savings over the four-year term.
Jimenez says BC Ferries has an ambitious capital plan to invest billions in new ships, terminal upgrades, improvement in technologies and service enhancements.
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