Everyone knows that B.C. Ferries is losing money. According to their press release last November, the supposedly “publicly owned company” was $1.2 billion in debt. Yet this morning Claire Trevena, the NDP critic for transportation, announced that an NDP Government would reduce some ferry fares.
Many British Columbians have been disappointed with BC Ferries since the Liberal Government privatized the corporation in 2003. As the National Post pointed out, operating costs have “ballooned by more than $20-million a year, fares have risen by as much as 100%, and as per one recent study, the combined effect has sapped an incredible $2.3-billion out of the coastal economy.” However there was some good news this morning. Thanks to the drop in world oil prices, BC Ferry fares will not rise this spring.