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.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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%.
Read more »
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%.
Read more »
B.C. government investing $500 million in BC Ferries to combat rising faresThe B.C. government says it's providing BC Ferries with a $500 million funding boost to combat rising fares predicted to soar.
Read more »
B.C. pledges $500 million to keep ferry fares low for travellers as inflation soarsVANCOUVER — British Columbia's premier has announced $500 million in new funding for BC Ferries to keep fares low for passengers.
Read more »
B.C. Ferries gets half-billion dollar cash injection from provincial governmentPremier David Eby says handout will come from government cash surplus and will keep fare hikes down
Read more »
B.C. investing $500M to electrify BC Ferries fleet, keep fares steady - Terrace StandardB.C. investing $500M to electrify BC Ferries fleet, keep fares steady
Read more »