Province injects $500 million into B.C. Ferries in effort to keep annual fare jumps below 3%

Report had forecast possible annual fare increases above 10%.

B.C. Ferries is getting a $500-million injection from the provincial government to keep fares below inflation and help to green its fleet.

Eby said the impacts of global inflation will be taking a toll on ferry users over the next four years, citing the B.C. Ferries commissioner’s report of fare increases of 10.4% a year from 2024 to 2028. With the $500-million infusion, the government’s goal is to keep annual average fare increases below 3% a year.

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