CORNWALL, ON, June 30, 2015 /CNW/ - SIBC announced today that starting August 1st, 2015, tolls at the Seaway International Bridge will be raised by 25 cents from $3.25 to $3.50 for cars and that similar adjustments will be made for other toll categories.
This increase is the first in 10 years. SIBC has done everything possible to reduce its operating costs including savings realized in the areas of maintenance, overall salaries and administration costs.
This increase will generate new revenues as over the next 15 years, SIBC will need to sustain its operations and fund significant projects such as bridge painting, maintenance and repair works and the future deck replacement of the South Channel Bridge.
In 2015-16 total toll revenues collected at SIBC were $3.3M. There has been an ongoing decrease as truck revenues have gone down by 50% over the last decade. This reduction is mainly caused by the closing of the Domtar, General Motors and Alcoa plants as well as the opening of the Montreal Highway 30 bypass.
SIBC remains committed to the ongoing efficiency of its operations and the safety and security of the international bridge crossing.
SOURCE The Seaway International Bridge Corporation, Ltd.
For further information: André Girard, VP Communications, The Federal Bridge Corporation Limited, Ottawa, (613) 998-8427, (613) 932-3629 (Cornwall)