Nova Scotia has announced the removal of tolls on the two bridges spanning Halifax Harbour, effective April 1, 2025. This move, projected to cost $40 million annually, aims to alleviate traffic congestion and save drivers time. The elimination of tolls will also result in Halifax Harbour Bridges ceasing to be classified as a Government Business Enterprise, leading to a one-time increase in the province's net debt.
RELATED: We check in Percy Paris, chair of The Africville Heritage Trust, who would like to see tolls remain on Halifax Harbour Bridges and a portion of the proceeds be given to Africville to ensure sustainability of the historic site – Feb 5, 2025, Nova Scotia has announced it will be removing tolls on the two bridges spanning Halifax Harbour as of April 1.
Houston said at the time the promise would cost about $40 million a year, but should alleviate traffic congestion and save time for drivers.Once the tolls are eliminated, Halifax Harbour Bridges will no longer meet the definition of a Government Business Enterprise, and its financial results will be consolidated.
“The consolidation of HDBC tangible capital assets has the effect of a one-time increase to the Net Debt of the Province of $300 million in 2025-26,” according to the budget document. In total, the province’s net debt is is projected to increase by $2.7 billion in 2025–26 to $22.4 billion.
TOLLS HALIFAX HARBOUR BRIDGES NOVA SCOTIA NET DEBT GOVERNMENT BUSINESS ENTERPRISE
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