The information provided in BC Ferries’ Performance Term 6 submission will help the BC Ferry Commission set the price cap – the maximum allowable annual increase in average fares that the ferry operator will be permitted to charge over the 4-year period. Commissioners will consider traffic forecasts and projected expenditures (including operating costs, capital investments and interest on long-term debt) to determine what amount of revenue will be required to cover BC Ferries’ expenses.

A preliminary price cap will be announced on March 31, 2023; it will be finalized on September 30, 2023. Throughout the process, we welcome public input.

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