The Federal Bridge Corporation announces adjustment to US toll rate at the Blue Water Bridge

OTTAWA, March 7, 2018 /CNW/ - The Federal Bridge Corporation Limited (FBCL) announced today that to reflect the exchange rate fluctuation over the last six months, the Corporation will raise its U.S. toll rate equivalency at the Blue Water Bridge effective April 1, 2018.

Rates at Blue Water Bridge are reviewed semiannually 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^st and October 1^st each year. Rate adjustments are made to the nearest $0.25.

The toll rates listed below will be effective on April 1, 2018:

• Passenger vehicle toll rates will remain at $4 (CAD) but will be adjusted from $3 (USD) to $3.25 (USD) per trip;
  
• Extra axle rates will remain at $4 (CAD) but will be adjusted from $3 (USD) to $3.25 (USD) per trip; and
  
• Commercial per axle rate will remain at $4.25 (CAD) but will be adjusted from $3.25 (USD) to $3.50 (USD) per trip.

The next toll rate review is scheduled for October 1, 2018.

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