Minister of Transport Omar Alghabra announced this week that tolls for the Confederation Bridge, which connects Prince Edward Island with the mainland, will be frozen at current rates for 2023.
The Bridge Operator, Strait Crossing Bridge Limited (SCBL), will receive funding from Transport Canada to avoid increases in tolls related to high inflation.
In a press release, Transport Canada said: “Freezing tolls for 2023 on the Confederation Bridge will support Prince Edward Island residents and businesses who have been hit hard by continued pandemic impacts, high inflation, and most recently Hurricane Fiona, especially during economic rebuilding and recovery.”
Strait Crossing Bridge Limited is under contract to operate and maintain the bridge, which is a federally owned asset, until 2032.
Without federal funding, tolls were set to increase significantly in 2023 due to continued pandemic impacts and high inflation. Transport Canada will make a payment to the Bridge Operator to freeze tolls in 2023.
The current toll is $50.25 for the first two axles, and $8.50 for each additional axle.