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Premier Eby Urges BC Ferries to Focus on Cost Control Over Fare Increases
BY The Canadian Press, Nov 29, 2024 7:12 PM - REPORT AN ERROR
The rising costs have created ``a growing funding gap'' that Jimenez says will require ``a sustainable funding model'' to address.
Premier David Eby has asked BC Ferries to focus on cost control rather than raising fares. Eby stated that the government has provided significant financial support to BC Ferries, and in return, the company promised to keep fares stable for British Columbians. He emphasized that the government now expects to see the same commitment to cost management.
BC Ferries CEO Nicholas Jimenez explained that inflation, growing demand, and the need to replace the aging fleet with new ships would necessitate fare increases.
Jimenez warned that the company may need to raise fares by 30 percent or more when the current fare structure expires in 2028.
In response, Premier David Eby acknowledged that the government can help BC Ferries manage rising costs, such as the expense of new ships. However, he stressed that these challenges should not be used as an excuse for failing to address areas where costs can be controlled.
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