Support for ferries needs to be analyzed

Province needs to rethink helping out ferries corporation

B.C. Ferries boss Mike Corrigan recently proclaimed a “modest profit” of $15.5 million for the 2013 fiscal year. He indicated that aggressive cost containment helped post these numbers.

Revenues came mainly from fares, which increased by 4.1 per cent in April 2012 and by the same amount in April 2013. Similar fare increases are planned over the next two years, despite passenger counts being down 1.2 per cent from the previous year. People seem to be rejecting this continual increasing of fares, so B.C. Ferries is once again dependant on B.C. taxpayers for its modest profits.

The province supported the ferry system this past year with payments totalling $237 million. If I had a debt of $10,000 and someone gave me a cheque for $15,000, wouldn’t I also show a modest profit?

The province needs to get on with its core review program, especially for B.C. Ferries, as financial stability is sadly warranted for this out-of-control corporation.

Martin Battle

Victoria

Just Posted

Former Greater Victoria badminton coach pleads guilty to 8 counts of sexual abuse

All charges relate to incidents taking place from 1970 to 1984

Esquimalt business announces plans for a new Irish pub

The Tudor House Liquor Store is planning to open a 500-seat pub in the next two years

VicPD cuts its Crime Reduction Unit in response to budget constrictions

The CRU worked to reduce crime in the downtown core

Victoria Royals release 2019-20 schedule

Home opener set for Sept. 27 against Prince George

Man hit by vehicle while sitting on a curb near Our Place in Victoria

Emergency crews cleared the scene shortly before 11 a.m.

VIDEO: Clip of driver speeding past B.C. school bus alarms MLA

Laurie Throness of Chilliwack-Kent says he will lobby for better safety measures

POLL: Do you think the penalty should be increased for tossing a burning cigarette from a vehicle?

With grasslands and forests around Vancouver Island and across B.C. reaching tinder… Continue reading

Greater Victoria wanted list for the week of June 25

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Former Vernon Judo coach pleads guilty to child pornography charges

Bryan Jeffrey McLachlan is set to return to court Sept. 4 for sentencing

B.C. Olympic skier sues Alpine Canada after coach’s sex offences

Bertrand Charest was convicted in 2017 on 37 charges

B.C. senior’s car vandalized for more than 18 months

Retired RCMP officer determined to catch ‘tagger.’

VIDEO: Driver doing laps in busy Vancouver intersections nets charges

Toyota Camry spotted doing laps in intersection, driving towards pedestrians

Former Canucks goalie Roberto Luongo to retire

‘Bobby Lou’ calls it a career after 19 NHL seasons

Man charged in crash that killed B.C. pregnant woman

Frank Tessman charged for 2018 Highway 1 accident where Kelowna elementary school teacher died

Most Read