Updating our 2021-22 Rate Structure
As an arm’s length Crown Corporation, Marine Atlantic makes decisions based upon our budgets and the cost of doing business. Each year we complete our budgetary process that takes into consideration our revenues and expenditures which identify our rate structure requirements for the coming year.
Our overall cost recovery target is 65 percent, which is established by our Shareholder, the Government of Canada. With these considerations, we will be making changes to our rate structure for the 2021-22 fiscal year. Effective April 1, the following updates will be made to commercial fares:
- Gulf route - increase of 2%
- Argentia – North Sydney - increase of 2.5%
- Drop Trailer Management Fee - increase of 3.4% on both routes.
We are committed to serving our commercial customers and meeting your needs in an effective and efficient manner. These increases will allow us to recoup a portion of our year-round operating expenses that help us meet the specific requirements of our commercial industry.
We would like to thank our commercial customers for your continued efforts in helping to prevent the spread of COVID-19.
We look forward to continuing to provide you with a safe, efficient, and reliable service.