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FACTS REGARDING THE PORT MANN BRIDGE TOLLS

The provincial government recently announced an agreement-in-principle for a public-private partnership to expand the Port Mann crossing and widen Highway 1. Here are the facts on the tolls that will be used to pay for the project:

• The new Port Mann Bridge will be tolled to pay for the project, reduce congestion, manage traffic demand over time and extend the life of the improvements.
• The new bridge will reduce travel times from between five and 30 percent due to reduced congestion.
• As a result of public consultations, we set a toll which is expected to be about $3.00 each way for cars on opening day. This amount could be more or less, depending on the type of vehicle.
• Tolling on the Port Mann Bridge isn’t just about recovering construction costs; it will also cover operations and maintenance.
• Without tolls and other congestion-reduction measures, we could see congestion on the Port Mann Bridge return to current levels in less than 10 years.
• The tolls will help moderate traffic growth, extend the life of the improvements and reduce congestion over time.
• Government will set and monitor the toll rates to protect the public interest.
• The public private partnership ensures that risk for cost overruns, construction delays or revenue shortfalls is held by the private sector rather than taxpayers
• In B.C. over 25 P3 projects have either been completed or are under construction representing a total investment of approximately $10 billion, with half from private and half from public sources.
• All of our P3 projects have come in on or ahead of time, and on or under budget.
• The Sea-to-Sky Highway, Canada Line, Kicking Horse Canyon and William R. Bennett Bridge projects are examples of successful P3 projects in British Columbia.