The federal government is providing $2.87 million dollars for losses on the Confederation Bridge over the past 18 months.
Due to COVID-19, there was a decreased amount of traffic in 2020.
PEI MP Wayne Easter says, “The Confederation Bridge is an important link that allows Islanders to connect with other parts of Canada and is key to our daily lives and our economy. Today’s announcement will help support the transportation of essential goods, as well as support PEI’s tourism sector.”
The Confederation Bridge is currently owned by the federal government and operated by Strait Crossing Bridge Limited.
As a result of this funding, Strait Crossing Bridge Limited will not seek to increase tolls on the Confederation Bridge to recover these losses.
Currently, the cost of crossing the bridge for a two axle vehicle is $48.50, each additional axle adds $8.25, and Motorcycles pay $19.50.
Crossing numbers have jumped since provincial restrictions were eased, but they are still lower than pre-pandemic.
