Coquitlam/Maple Ridge/Langley – Death taxes and Treo telling us that bridge tolls are on the rise. August 15 – Port Mann Tolls jump 15 cents.

Just weeks before the back to school crunch.

According to TREO:

Why are rates changing?Like any utility or service provider, TReO’s toll rates need to increase from time to time to keep up with the cost of building, operating and maintaining the bridge and Highway 1 improvements.

Where does the toll revenue go?

TReO’s parent company, TI Corp, is the public Crown corporation responsible for building, operating and maintaining the Port Mann / Highway 1 Project. TI Corp’s mandate is to repay the project debt using the toll revenue collected. The toll only exists to pay for the bridge and highway improvement project.

How did you decide to increase rates by 15 cents?Rates have been minimized since the start of tolling. The only other time rates have changed was when the half-price introductory rate expired in December 2013. As a public agency, TI Corp isn’t increasing tolls to create a profit. Any increases are limited to the amount necessary to keep up with costs and meet its obligations to pay for the project.

Why are rates on the Golden Ears Bridge and Port Mann Bridge different?The Golden Ears Bridge is owned and operated by TransLink and sets its own toll rates. If you currently receive a combined bill for travel on both bridges, please be aware that the Golden Ears Bridge rates have recently changed. For more information, please visit translink.ca

For more information on TReO’s toll rates and fees that may apply to unregistered drivers, visit treo.ca/tolls

 

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