Canadian Ferry Operators Welcome Government Financial Plan

MarineLink.com
Thursday, February 13, 2014
Ferry: Image courtesy of BC Ferries

The Canadian Ferry Operators Association (CFOA) has said it welcomed Prime Minister Harper’s announcement of the framework for the New Building Canada Plan (NBCP).  Details were also released on the New Building Canada Fund (NBCF), the $14-billion component of the NBCP that will support infrastructure projects of national, regional and local significance that promote job creation and economic growth.

“The Harper government has clearly demonstrated its commitment to developing and renewing Canada’s transportation infrastructure through this $53 billion investment,” said Serge Buy, CEO of CFOA.  “The eligibility of Canada’s ferry infrastructure under the Provincial-Territorial Infrastructure Component of the NBCF will help support our ferry operators as they continue to provide vital economic connections for Canadians across the country.”
 
Ferries form an essential part of Canada’s transportation infrastructure, and ferry operators make key contributions in driving Canada’s economy.  Last year, according to the association, CFOA ferry operators:

  • Connected people and markets across the country by transporting nearly 40.7 million passengers and over 14.8 million vehicles;
  • Contributed to Canada’s economic growth by employing more than 8,400 Canadians, by helping generate more than 22,600 jobs and by maintaining operating budgets of over $1 billion;
  • Provided essential transportation services and vital links to Canada’s remote communities by operating nearly 180 ferries on over 120 routes;
  • Continued to provide a safe and environmentally friendly means of transportation by investing in cleaner technologies and more efficient vessels, and by contributing to a noteworthy industry safety record

    www.cfoa.ca

 

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ST Engineering Rejigs Top Deck

Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the

HMAS Success Deploys to Middle East

After months of preparation, HMAS Success departed Garden Island in Sydney today for a six-month deployment to the Middle East Region to provide logistic support

Gazprom Transgaz Ufa Organizes Arts Festival

Over 200 healthy children and children with disabilities from Bashkortostan as well as the Volga Region participated in the Breaking the Barriers second interregional children’s arts festival,

Finance

ST Engineering Rejigs Top Deck

Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the

MHI Receives "Best IR Award"

Mitsubishi Heavy Industries, Ltd. (MHI) has received one of this year's "Best IR Awards" presented annually by the Japan Investor Relations Association (JIRA).

Houston Port Commission Approves budget

The Fiscal Year 2015 Operating and Capital Budget was approved Thursday during a special meeting of the Port Commission of the Port of Houston Authority.   Projections

Government Update

Nigeria to Cut Petrol Subsidy by Half

Nigeria plans to cut subsidies on petroleum products by half next year after sharp falls in global crude prices, spurred the government to revise its 2015 budget downwards,

Venezuela Ships First Crude Mixed with Algerian Oil to China

Venezuela is sending its first shipment of crude mixed with Algerian light oil to China, according to state oil company PDVSA and traders.   Venezuela recently

China Building Island Big Enough for Airstrip

Satellite images show China is building an island on a reef in the disputed Spratly Islands large enough to accommodate what could be its first offshore airstrip in the South China Sea,

Ferries

Gazprom Transgaz Ufa Organizes Arts Festival

Over 200 healthy children and children with disabilities from Bashkortostan as well as the Volga Region participated in the Breaking the Barriers second interregional children’s arts festival,

Energy Storage System Ordered for LNG Battery Hybrid Ferry

Norwegian hybrid to be the first LNG battery ferry to operate on commercial routes Corvus Energy, Siemens AS and Fjord1 have announced the award of the contract for the Fannefjord LNG hybrid ferry.

New Agency to Replace S. Korea Coast Guard after Ferry Disaster

South Korea launches a massive new government agency this week to handle emergency rescue and safety management seven months after a ferry disaster killed 304 people

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1712 sec (6 req/sec)