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Transport committee meets to study BC Ferries’ $1B loan for Chinese ships
BRITISH COLUMBIA, CANADA, AUG 1 – The committee investigates use of $1 billion public loan for four electric-diesel ferries from a Chinese state-owned shipyard amid geopolitical and trade tensions.
- The House of Commons transport committee launched a study into the Canada Infrastructure Bank's $1 billion loan to BC Ferries for Chinese ships today.
- After BC Ferries announced its shipbuilding contract in June, Dan Albas requested the study, questioning the $1 billion public funding amid a trade war with the U.S.
- In testimony to the committee, Transport Minister Chrystia Freeland said she was `dismayed` by the $1 billion loan but did not seek cancellation, while the Canada Infrastructure Bank mentioned the ferries `wouldn't likely be purchased` without its financing.
- Witnesses including Transport Minister Chrystia Freeland will testify, with Freeland `dismayed` by the loan and the Canada Infrastructure Bank saying the ferries `wouldn't likely be purchased` without its funding.
- Future meetings will include provinces, ferry operators, shipyards, labour, and the steel industry, with new vessels expected between 2029 and 2031.
37 Articles
37 Articles
Chrystia Freeland tells MPs she is 'dismayed' by B.C. Ferries' decision buy Chinese ships
Parliamentarians voted in favour of a motion calling on the Canada Infrastructure Bank, B.C. Ferries and the federal government to show a committee the complete bond purchase agreement and records of all options for the acquisition of new vessels by B.C. Ferries, which is utilizing a $1 billion federal loan.
Freeland tells MPs she was ‘dismayed’ by BC Ferries’ decision buy Chinese ships
OTTAWA - Transport Minister Chrystia Freeland told MPs Friday she was "dismayed" by BC Ferries' decision to purchase four new electric-diesel ships from a Chinese shipbuilder using a $1 billion
Flin Flon Reminder
Freeland tells MPs she is 'dismayed' by BC Ferries' decision buy Chinese ships
OTTAWA — Transport Minister Chrystia Freeland told MPs Friday she was "dismayed" by BC Ferries' decision to purchase four new electric-diesel ships from a Chinese shipbuilder using a $1 billion federal loan — but did not call for the loan's cancellat
Federal Ministers ‘Disappointed’ With BC Ferries Over China Vessel Orders, Won’t Cancel $1B Loan
Federal ministers told MPs they are “dismayed” and “disappointed” by BC Ferries’ decision to purchase vessels from Chinese shipyards, but they won’t ask the Canada Infrastructure Bank (CIB) to cancel the $1 billion loan it provided the corporation for the purchase. Infrastructure Minister Gregor Robertson, who oversees the CIB, and Transport Minister Chrystia Freeland made the comments on Aug. 1 as they testified before the House of Commons tran…
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