Ferry price increase proposed
THE Independent Pricing and Regulatory Tribunal (IPART) today released its draft report recommending a 10-cent increase in the maximum fare for ferries operating between Iluka and Yamba.
Under IPART's draft proposal, the maximum fares that can be charged for these regular private ferry services operated by Clarence River Ferries would rise from $7.20 to $7.30, a 1.4% rise, which is less than the rate of inflation.
IPART Chairman Dr Peter Boxall said the draft increase reflects the rising costs faced by ferry operators, and the need to maintain the affordability, reliability, quality and safety of the service.
"The draft recommendation is based on our assessment of the costs of providing private ferry services, and consideration of the views expressed through the review by ferry operators and local communities about the viability and affordability of services," Dr Boxall said.
The review of ferry fares on the Clarence River is part of a broader review of fares for all regular private ferry services across NSW and the Stockton ferry service in Newcastle.
Fares for Sydney Ferries are determined through a separate process.
Dr Boxall said feedback on the draft report and the proposed new fares are being sought by 22 November, before IPART provides its final advice to Transport for NSW in mid-December.
Any changes in private ferry fares will be effective from a date to be decided by Transport for NSW, usually in December.
The draft report of the Review of fares for Private Ferries and Stockton Ferry from 2014, is available on IPART's website < http://www.ipart.nsw.gov.au>.