Ports of Jersey (POJ) says port prices will rise by more than the rate of inflation over the next five years.

The Jersey Competition Regulatory Authority decided that the company operating on behalf of the USA could increase its prices by a maximum of 1.8% above the retail price index.

It was stated that with the increases Jersey Ports could raise enough money to improve facilities and services at the island’s ports and airport.

Official Tim Ringsdore said the decision would help POJ move forward with its plans.