The Transportation Investment Corporation (TIC) annual report provides a view of what lies ahead for commuters crossing the Fraser River on the new Port Mann bridge. When Gordon Campbell announced the structure and associated roadworks, it was to cost $1.5 billion and the toll was to be $2.50. The final tab, at $3.319 billion, is 121% higher but, at $3.00, the small vehicle toll is up only 20%.
Before long, the present toll will look like a bargain. TIC's revenue forecast in fiscal year 2014 was 29% higher than actual receipts but the agency counts on raising those amounts by 85% in three years. Since traffic levels are below expectations, most of TIC's additional income will result from higher prices. That suggests we're headed toward a single small vehicle crossing fee of $6.00 and a monthly pass of $300.
Non-commercial tolls might rise even more if government moderates increases for businesses or if higher prices result in still lower traffic levels.