Coastal Ferry Services Contract

Last updated on July 17, 2023

Coastal ferry services are provided by BC Ferry Services Inc., which was transformed from a government Crown Corporation to an independent company under legislation called the Coastal Ferry Act. The Province provides annual funding to BC Ferries through a contract that defines routes and service levels.

The Province and BC Ferries entered into two Temporary Service Level Adjustment Agreements as a result of the Coronavirus (COVID-19) pandemic:

Fare Affordability

The Province and BC Ferries have entered into an agreement where the Province will provide $500 million above the Coastal Ferry Services Contract levels for Performance Term Six (April 2024 to March 2028).  The additional funding is intended to support fare affordability with the goal of limiting the annual average allowable fare increase (price caps) to 3 percent per year (subject to the final Price Cap decision in September 2023 by the independent regulator the BC Ferries Commissioner) and to support initiatives to lower Green House Gas

Original contract and amendments: