Tolls will be reduced for all drivers from January 8 next year following the return of the Severn Crossings to public ownership.
This will be the first time the tolls have decreased since their introduction in 1966. The normal annual inflation increase (due January 1, 2018) will also not be applied.
The announcement comes after the UK Government confirmed in July it will abolish the tolls altogether at the end of 2018.
Secretary of State for Wales Alun Cairns said: “For so many years, the tolls on both Severn Crossings have been seen as an economic and symbolic barrier to Wales’ future prosperity.
“Our decision to reduce the tolls - before abolishing them altogether - will cut costs for businesses, for commuters and tourists alike - helping boost jobs and trade in Wales and across the South-West.”
It is estimated that the abolishing of the tolls will boost the economy of South Wales by around £100 million a year and regular motorists could save over £1,400 per year.
From 8 Jan 2018:
- Cars will pay £5.60 instead of £6.70.
- Small buses or vans will pay £11.20 down from £13.40
- Lorries and coaches will pay £16.70 instead of £20