Ferry costs surge 40% since 2020, pressuring B.C. Ferries to balance new fleet plans with affordability.

B.C. Ferries CEO Nicolas Jimenez reported a 40% increase in ferry construction costs since 2020, creating financial pressure. The company plans to order five new ferries by 2029, with hopes of having 15 new vessels by 2030s, while facing challenges in balancing affordability and service quality under its current revenue constraints.

November 27, 2024
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