Share Update on Performance Term 6: Revised 4-Year Plan to Commissioner on Facebook
Share Update on Performance Term 6: Revised 4-Year Plan to Commissioner on Linkedin
Email Update on Performance Term 6: Revised 4-Year Plan to Commissioner link
Since filing in September 2022, an elevated risk of recession, coupled with higher inflation and cost pressures across BC Ferries operations, has forced a recalculation of estimates and plans contained in the company’s Performance Term Six Submission to the independent BC Ferries Commissioner.
Revisions to the plan are in three key areas:
- Traffic Outlook – BC Ferries’ traffic outlook has been updated to reflect the growing certainty of a mild recession occurring during Fiscal 2024;
- Capital Program and Maintenance – continued inflation and higher maintenance costs associated with maintaining an ageing fleet have been factored into an updated schedule and 12-year capital plan.
- Labour and Talent Development – a more comprehensive view of actions necessary to secure required crew levels in response to the growing gap of both exempt and bargaining unit wages relative to the marketplace.
The revised plan also acknowledges the recent commitment of $500 million in new funding from the Province to support the lowering of fare increases for people who rely upon the coastal ferry service. While funding terms are not finalized, the Commissioner will determine the impact on BCF’s revised four-year plan, and will make a final determination on the Performance Term Six price caps by September 30, 2023. The plan is now posted on the Commissioner’s website bcferrycommission.ca for public feedback.
Click here to view the full media release.
Share More ships - More service:
Planning for the future with Performance Term 6 (2024 - 2028) on Facebook
Share More ships - More service:
Planning for the future with Performance Term 6 (2024 - 2028) on Linkedin
Email More ships - More service:
Planning for the future with Performance Term 6 (2024 - 2028) link
What is a Performance Term?
A performance term is a review of BC Ferries services and fees by the BC Ferries Commissioner. Performance Term reviews happen every four years, and the current term (Performance Term 5) will end on March 31, 2024.
BC Ferries has just submitted its proposal for Performance Term 6. This submission sets out our proposed service plans, including capacity increases, replacing aging vessels and infrastructure, and addressing service challenges over the next four years (April 1, 2024 to March 31, 2028). The submission also outlines our financial information and what we believe will be required in order to provide the proposed service changes. This information assists the Commissioner in setting a price cap, the maximum allowable increase to fares for the next performance term.
You’re invited to provide input on the Performance Term
Community members are encouraged to provide their thoughts and feedback on our Performance Term 6 submission while it is under review by the Commissioner, in particular the service plan proposals. You can do that now by reading the submission and providing your feedback at: bcferrycommission.ca
What’s in Performance Term 6 (April 1, 2024 – March 31, 2028)
Modernization and replacement of vessels, terminals and IT systems are the centrepiece of BC Ferries’ Performance Term 6 submission, including:
• Long Term Traffic Demand Outlook (fiscal years 2023 through 2034)
• Capacity Review and Service Enhancement Strategies
• Workforce planning strategies
• Emission reduction strategies
• Strategies for evolving with travel behaviour changes
• Strategies for improving efficiency
• Capital plans (2023 – 2034)
Next Steps
The BC Ferry Commissioner will announce a preliminary price cap on March 31, 2023 and will finalize it on September 30, 2023. Once the review process is complete, BC Ferries will proceed with more detailed design and planning for the actions contained in the approved proposal. We will engage with the communities we serve on putting these plans into action. Stay tuned to this page for more information.
