Port prices can rise above inflation

Ports of Jersey prices will rise by 1.8% above inflation over the next five years

Port prices will be able to rise by more than the rate of inflation over the next five years, an authority says.

The Jersey Competition Regulatory Authority ruled that the Ports of Jersey (POJ) which operates on behalf of the States could put its prices up by a maximum of 1.8% above the retail price index.

It said with the rises, POJ would be able to raise enough money to improve its facilities and services at the island's harbours and airport.

Tim Ringsdore, from the authority, said the decision would help POJ progress its plans.

He said: "We have taken a considered approach to this review and operated within the Government’s Ports Policy Framework.

"The authority has full confidence that POJ can achieve its plans through the new price control.

"Our decision balances capital investment with the need to protect the interests of all current and future ports users."