OTTAWA, March 6, 2019 /CNW/ - The Federal Bridge Corporation Limited (FBCL) announced today that, in order to reflect the fluctuation in exchange rates over the past six months, the Corporation will maintain toll rates at the Blue Water Bridge location, effective April 1, 2019.
Rates at Blue Water Bridge are reviewed semi-annually, based on traffic levels, economic forecasts and funding needs for long-term capital requirements. Additionally, the toll rate value in US dollars (USD) is based on the average daily currency exchange rate, as published by the Bank of Canada, for the previous six-month period. Changes take effect on April 1 and October 1 of each year. Rate adjustments are made to the nearest $0.25.
The toll rates listed below will be effective on April 1, 2019:
- Passenger vehicle tolls will remain at $4.25 (CDN) and $3.25 (USD) per trip;
- Extra axles will remain at $4.25 (CDN) and $ 3.25 (USD) per trip; and
- Commercial per axles will remain at $4.50 (CDN) and $3.50 (USD) per trip.
- The next toll rate review is scheduled for October 1, 2019.
This toll rate policy is aligned with other international crossings, where tolls are reviewed and adjusted, if necessary, based on economic needs and the value of the exchange rate, on a regular basis.
FBCL owns, manages and operates international bridges and associated structures in Sault Ste. Marie, Point Edward, Lansdowne (Thousand Islands) and Cornwall, Ontario. FBCL's mandate is to provide the highest level of stewardship so that its international bridges and associated structures are safe and efficient for users.
SOURCE Federal Bridge Corporation Limited
For further information: Todd Kealey, Communications, The Federal Bridge Corporation Limited, (613) 366-5074 x 121, email@example.com