The Federal Bridge Corporation announces stability in Canadian toll rates at the Blue Water Bridge

OTTAWA, Sept. 21, 2016 /CNW/ - The Federal Bridge Corporation Limited (FBCL) announced today that the Corporation will maintain Canadian dollar tolls at the current rate at the Blue Water Bridge location effective October 1^st, 2016.  However, toll rates in U.S. dollar (USD) will be adjusted.

As reported in April 2016, toll rates at Blue Water Bridge are reviewed semi-annually. The review is based on the average daily currency exchange rate, as published by the Bank of Canada, for the previous six-month period ended September 1 and March 1, respectively.  Changes are to take effect on April 1 and October 1 of each year.

The Canadian dollar has gained some strength over the last six months, allowing for some stability in Canadian dollar toll rates. The review has further determined that an adjustment in U.S dollar toll rates is warranted.

Rate adjustments are made to the nearest $0.25. The toll rates listed below will be effective October 1^st:

• Passenger vehicle tolls will remain at $4 (CDN) per trip and be adjusted from $ 3.50 (USD) to $3 (USD) per trip.
• Extra axles will remain at $4 (CDN) per trip and be adjusted from $ 3.50 (USD) to $3 (USD) per trip.
• Commercial per Axles will remain at $4.25 (CDN) per trip and be adjusted from $ 3.75 (USD) to $3.25 (USD) per trip.

The next toll rate review is scheduled for April 1, 2017.

This toll rate policy is aligned with other international crossings, where tolls are reviewed and adjusted, if necessary, based on the value of the exchange rate and economic needs, on a semi-annual 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

For further information: André Girard, Vice-President, Communications, The Federal Bridge Corporation Limited, [phone], [email protected]