Coastal Ferry Services Contract

Last updated on April 2, 2024

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 3.2% per year, as per the final Price Cap decision by the BC Ferries Commissioner in September 2023, and to support initiatives to reduce greenhouse gas emissions.

Original contract and amendments: