Port Mann Bridge tolls going up August 15

WATCH: With hundreds of drivers already avoiding it, the toll on the Port Mann Bridge is about to increase. John Daly reports.

Port Mann Bridge tolls are increasing on Aug. 15.

The new tolls will be as follows:

• $3.15 for small vehicles
• $6.30 for medium vehicles
• $1.60 for motorcycles
• $9.45 large vehicles

TReO’s parent company —  TI Corp, the public Crown corporation responsible for building and operating the bridge —  said in a statement that the rates need to increase from “time to time” to keep up with the cost of building, operating and maintaining the bridge and Highway 1 improvements.

The current rates are:

• $3 for small vehicles
• $6 for medium vehicles
• $9 for large vehicles
• $1.50 for motorcycles

Toll revenue is used to repay the project debt and to pay for the bridge and highway improvement project.

In a statement, TReO said:

Rates have been minimized since the start of tolling. The only other time rates have changed was when the half-price introductory rate expired in December 2013. As a public agency, TI Corp isn’t increasing tolls to create a profit. Any increases are limited to the amount necessary to keep up with costs and meet its obligations to pay for the project.

Tweet This Click to share quote on Twitter: Rates have been minimized since the start of tolling. The only other time rates have changed was when the half-price introductory rate expired in December 2013. As a public agency, TI Corp isn't increasing tolls to create a profit. Any increases are limited to the amount necessary to keep up with costs and meet its obligations to pay for the project.

Additional fees for failing to pay or having insufficient funds in your bank account will remain the same.

If you’re an HOV (High Occupancy Vehicle) driver, you will to continue to receive a 25 per cent discount during peak periods (Monday to Friday, from 6:30 a.m. to 8:30 a.m., and 4 p.m. to 6 p.m. Truck drivers will also continue to receive a 50 per cent discount when travelling between the hours of 9 p.m. and 5 a.m.

Monthly pass holders will still be able to get an unlimited monthly pass over the Port Mann Bridge.

New rates will be as follows:

• $80 / month for a motorcycle
• $155 / month for a small vehicle
• $315 / month for a medium vehicle