Canadian toll adjustments at International Bridge based on currency exchange rates
- The International Bridge Authority (IBA) in Sault Ste. Marie, is adjusting Canadian fares at the bridge.
- Starting April 1, the passenger vehicle rate for Canadian currency will change from $4.40 to $4.70.
- Customers making just one round trip across the bridge each week can qualify for a 20 percent commuter discount.
March 16, 2016 – While the U.S. fare will remain unchanged, International Bridge customers paying Canadian currency will see the toll rate adjusted due to the current value of the Canadian dollar. The changes, effective Friday, April 1, are the result of the currency exchange review conducted by bridge officials twice each year.
Starting April 1, the passenger vehicle rate for Canadian currency will change from $4.40 to $4.70. The U.S. rate remains unchanged at $3.50. This is not a rate increase but a currency exchange adjustment. Exchange rate reviews in April and October are mandated as U.S. and Canadian dollars fluctuate in value. Prior to the adjustment, all customers had been saving 7 percent overall since October 2015, due to exchange rate fluctuation.
“I want to emphasize that the base U.S. fare is unchanged and there are no plans to change it,” said Peter Petainen, International Bridge Administration (IBA) general manager. “The IBA is a U.S.-based agency, and these adjustments are mandated to keep the toll rates consistent with the exchange rate for customers paying with either U.S. or Canadian funds.”
Under the bridge’s intergovernmental operating agreement, Canadian currency toll rates (more…)
Peter M. Petainen has been named the new manager of the International Bridge Authority (IBA) in Sault Ste. Marie.
- Petainen, 44, who has been the IBA’s chief financial officer for the past 14 years, began his new position on Feb. 28.
- He becomes the first Canadian to hold the post.
March 1, 2016 — Peter M. Petainen has been appointed as the new general manager at the International Bridge Administration (IBA) in Sault Ste. Marie by the Michigan Department of Transportation (MDOT). He is succeeding Phil Becker, who retired in January after serving as IBA manager since 2001.
Petainen, 44, who has been guiding the International Bridge’s day-to-day finance and long-term business goals as the IBA’s chief financial officer for the past 14 years, began his new position on Feb. 28.
“In his new role, Peter is responsible for the overall maintenance and operations of the bridge,” MDOT Chief Administrative Officer Laura Mester said. “He’ll also continue to foster the bridge’s already good community relations and customer service, as well as maintain the strong partnerships with the border crossing agencies on the U.S. and Canadian sides.” (more…)
- The Sault Ste. Marie Bridge Authority (SSMBA) board of directors named their new board room in honor of longtime board member and past chairman James McIntyre.
– The board held its second meeting today in the board room of the new International Bridge administration building.
– The annual and fracture critical bridge inspections found ongoing maintenance is keeping the bridge in good condition.
– The board received updates on two planned bridge maintenance projects.
February 11, 2016 – The Sault Ste. Marie Bridge Authority (SSMBA) board has named the board room at the new International Bridge administration building in honor of the late James L. McIntyre.
The bi-national body, which supervises operations of the Sault Ste. Marie International Bridge, adopted a resolution naming the board room after McIntyre and made plans to unveil a commemorative plaque in the room at its May meeting.
“Jim’s unparalleled commitment as a volunteer to the bridge for a period of 55 years established a legacy of outstanding service to the binational governance of the bridge,” the resolution said. “A legacy of service that will never be surpassed.”
McIntyre, who died in February 2015, first became involved with the bridge during his 1960-1964 term as mayor of the City of Sault Ste. Marie, Ontario, and helped cut the ribbon to mark the opening of the completed bridge to traffic on Oct. 31, 1962.
He went on to serve for decades as president of the St. Mary’s River Bridge Co. (SMRBC), the public entity created in 1955 by the Canadian Parliament to oversee the construction, operation, and maintenance of the bridge on behalf of Canada. He spearheaded the creation of the Joint International Bridge Authority (JIBA), and was selected to serve as the first chairman of that bridge governing body. He went on to be selected for three additional one-year terms. He also served as chairman of the successor SSMBA for a one-year term, thus making him the longest serving chair of the bi-national governance boards.
FBCL announces the opening of the new entrance onto the bridge plaza from Huron Street
OTTAWA, November 23, 2015 – The Federal Bridge Corporation Limited (FBCL) announces the opening of the new southbound access to the Sault Ste. Marie International Bridge in Sault Ste. Marie. Today at 1:30 PM, the southbound traffic lane onto the bridge from Huron Street was turned over to the International Bridge Administration (IBA), which will now maintain the new entrance and roadway.
Customers may now access their Prepaid Debit Accounts with the IBA from the menu above or by clicking here: Prepaid Debit Accounts.