Canadian ferry service prices to rise 30% to cope with 16 aging vessels 30 decrepit terminals
From the Vancouver Sun, yesterday: The CEO of B.C. Ferries is warning the company may need to increase fares by 30 per cent or more in 2028, when its current fare structure expires. Nicolas Jimenez says in a written statement the provincially owned corporation had forecast last year that such a price rise would be needed to keep up with operating and capital costs. But, he said costs since then have jumped, including a 40 per cent increase in shipbuilding expenses since 2020. The rising costs have created “a growing funding gap” that Jimenez says will require “a sustainable funding … Continue reading Canadian ferry service prices to rise 30% to cope with 16 aging vessels 30 decrepit terminals
