Office of the Premier

Premier Horgan eliminating bridge tolls, making life more affordable

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Office of the Premier

Premier Horgan eliminating bridge tolls, making life more affordable

Contacts
Sage Aaron
Director of Communications
Office of the Premier
778 678-0832
Media Relations
Government Communications and Public Engagement
Ministry of Transportation and Infrastructure
250 356-8241
Contacts
Sage Aaron
Director of Communications
Office of the Premier
778 678-0832
Media Relations
Government Communications and Public Engagement
Ministry of Transportation and Infrastructure
250 356-8241

Backgrounders

Understanding the numbers
  • The Port Mann Bridge was opened in 2012 at a cost of $3.3 billion. Since that time, annual operating costs have outpaced toll revenue and the total debt for the bridge has increased to $3.6 billion. Similarly the Golden Ears Bridge was built and financed for just over $900 million when it opened in 2009. Its total debt is now at $1.1 billion.
  • Removing tolls from the Port Mann and Golden Ears bridges will cost the Province an additional $132 million for the remainder of this fiscal year ($94 million for Port Mann Bridge and $38 million for Golden Ears Bridge). This includes an estimated $12 million to wind down tolling operations for both bridges.
  • For the next few years, it will cost an additional $135 million a year to cover lost tolling revenue on the Port Mann Bridge, which includes $25 million that will be saved on an annual basis to no longer have to collect tolls.
  • Because the Golden Ears Bridge is owned and operated by TransLink, the Province is working with the authority to reach a long-term funding agreement for future years.
  • All of these costs will be budgeted and paid for in the annual fiscal plan – with an update coming in early September – in the same way that all other major capital projects are funded, such as expanded highways, new schools and new hospitals.
  • For the Port Mann Bridge, that means the government will report the debt as taxpayer-supported in its books, addressing concerns raised by the auditor general, and consistent with how all other major capital projects in British Columbia are funded. 
  • Eliminating tolls from these two bridges will save the daily commuter approximately $1,500 each year and the daily commercial driver as much as $4,500 a year.

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