Weather

Current Conditions
-13.7 C
Clear
Today's Forecast
-14 C
A few clouds
Sponsored by Highland Ford

News And Views

Classifieds

Announcements

Entertainment

Shop Local

More Local

Search The Web

Google Search

Local News

Bridge toll rate rising soon

Friday, March 21, 2014   by: SooToday.com Staff

NEWS RELEASE

INTERNATIONAL BRIDGE ADMINISTRATION

*************************
Toll rate increases approved by the Sault Ste. Marie Bridge Authority (SSMBA) in November 2013 will take effect at 12:01 a.m. Tuesday, April 1.

The toll rate increase will be accompanied by a currency equity adjustment.

The Canadian currency toll rate will be raised due to a weak Canadian dollar over the last six months as identified by a twice-a-year review conducted by bridge officials.

"We are required to maintain currency equity in bridge toll rates, so the scheduled toll increase will be accompanied by a currency equity adjustment for the new rates effective April 1," said International Bridge Administration (IBA) General Manager Phil Becker.

The increase and currency equity adjustment apply to both commercial and passenger vehicle classifications, with the U.S. currency passenger vehicle toll increasing from $3 to $3.50 on April 1.

The Canadian currency rate will rise to $3.70 after the 20 cent currency equity adjustment is applied.

The full schedule of U.S. and Canadian currency toll rates can be viewed on the bridge website: www.saultbridge.com.

The toll rate increases approved by the SSMBA also included a refinement of the terms of the frequent user "Prox Card" program in place at the crossing.

However, those refinements will not be implemented until later this year after a new toll software system goes online.

Prox Card users currently get a 30 percent discount on tolls, with account expiry after 122 days with no usage.

The discounted rate will be $2.45 (USD) or $2.60 (CDN) after the toll increase.

The bridge authority will provide detailed information on the refinements as well as the implementation schedule later this year.

The bridge authority also has approved a subsequent toll increase from $3.50 to $4 (USD) for passenger vehicles to be effective April 1, 2019.

A full schedule of the April 1, 2019, U.S. currency toll rates for all vehicle classifications is available on the bridge website: www.saultbridge.com.    

The toll increase is the culmination of a yearlong review of the bridge's long-range financial plan by the bridge authority.

The SSMBA reviewed detailed operational and capital improvement project needs for the next 30 years before considering the toll increase proposal.

"Capital improvement projects expected to cost about $54.7 million (USD) are needed over the next 15 years to keep the bridge and plaza facilities structurally sound and operationally safe," said Becker. "It is important to remember that all toll revenues are dedicated to covering the operational, maintenance and capital costs for the bridge."

Becker said the 51-year-old bridge will continue to operate on a not-for-profit basis.

The bridge is completely financially self-sustaining, primarily through toll revenue, and receives no financial subsidy for operations from any other governmental source.

*************************

Comments
15
Note: Comments that appear on the site are not the opinion of SooToday.com. If you see an abusive post, please click the link beside the post to report it.
crashed13 3/21/2014 11:48:37 AM Report

November?
By then the price of oil may skyrocket once more and the dollar will be on par once again.
God bless the tar sands.
Javaman 3/21/2014 11:52:07 AM Report

Does ANYTHING ever go DOWN in price anymore?
Mike58 3/21/2014 11:58:41 AM Report

Might have to go from retirement to city wefare!
Sam C 3/21/2014 12:03:57 PM Report

Javaman... Whose wages ever go down? For that matter, when DID prices ever go down?
damzull1 3/21/2014 12:12:32 PM Report

Thats what you get for shopping USA side suck it up and shut up quit your winning
Lone24 3/21/2014 12:25:10 PM Report

@damzul1
Why don't you stop and think before you start flapping your gums. What makes you think that the people who just posted a comment are ones going across the bridge to buy what ever? Do you follow them around? You need to stop your whining.
book-end 3/21/2014 12:38:09 PM Report

I got quite a shock last week when I renewed my Car Insurance....... wait for it ................ It went DOWN. ( yes I said Down ) by $60 for the year.
Javaman 3/21/2014 12:59:18 PM Report

Let Sam know...HE FINALLY MADE A MISTAKE, He is human afterall....heheheh
SLV1931 3/21/2014 1:24:52 PM Report

the value of your dollar is diminishing to zero. wake up

http://dollarcollapse.com/chapter-1-illusions-of-prosperity/
saldog 3/21/2014 1:48:24 PM Report

damzull, I don't understand why you would tell people to stop winning. Would you rather them lose? What does winning or losing have to do with the article? I would much rather win than lose so I won't stop winning, no matter what you say.
Alystr 3/21/2014 3:33:23 PM Report

I love how the people who whine about others going across. I will stay going across to get my gas and groceries until our dollar is worth .50 US. Gas is almost half the price over there. I often wonder if the people whining are just jealous because they can't get across due to criminal records. Suck up the high gas prices kids and I'll keep paying .75 per litre.
Alystr 3/21/2014 3:36:02 PM Report

Now my rant on the bridge toll. How long has this bridge been paid off? Why the hell are toll prices even moving if the thing is paid off? Sounds like the Canadian Government must be controlling this bridge.
northernmale 3/21/2014 5:20:01 PM Report

I think if you look into it the American part is paid off . Canada still owes a pile on there share.
t55 3/21/2014 5:40:52 PM Report

Been payed off for years, *not for profit* BS
rockbanger 3/21/2014 7:03:19 PM Report

Maintenance, painting and free gas if you run out on the bridge....Someone has to pay for all this.

Anyhow none of us are naive to think the toll will drop, so get out there and hug a snob on the International Bridge Commission.

You could swim across and check in with Coast Guard Customs.....LOL



Comments
15
Note: Comments that appear on the site are not the opinion of SooToday.com. If you see an abusive post, please click the link beside the post to report it.
Advertising | Membership | Terms of Service | Privacy Policy | About SooToday.com | Contact Us | Feedback

Copyright ©2014 SooToday.com - All rights reserved