Editor: Writer Sandra Steffan (The Times, Aug. 12) is correct — Port Mann Bridge tolls don’t create a profit.
Transportation Investment Corporation is the public agency that manages the bridge and the TReO toll system, and the toll exists to pay for the new bridge and highway improvements.
We understand no one wants to see an increase, but Transportation Investment Corporation’s mandate is to pay for the project costs.
Tolls are limited to the amount necessary to pay off the debt within the required time frame.
Transportation Investment Corporation’s financial statements and executive salaries are public and posted on its website www.pmh1project.com.
We are a provincial Crown corporation and the facts are available for everyone to see.
President and CEO, Transit Investment Corporation