B.C. Ferries is eyeing the Canada Infrastructure Bank as a potential lender to help finance an upcoming billion-dollar-plus major-vessel-replacement program and new terminal infrastructure.
“That’s important to us because it is an institution whose mandate really aligns with ours, which is to find opportunities to invest in public infrastructure that does really important things. In this case, it helps us green our fleet.” B.C. Ferries hopes to replace older C-class vessels — the ones with “Queen” in their names — serving the busiest routes between Vancouver Island and Metro Vancouver, potentially adding up to seven new ferries.
B.C. Ferries has already discussed the major-vessel-replacement program with the bank, he said, but decisions still need to be made about what it will entail, including how many vessels to order and what form the new vessels will take. If the new ferries run on electric power, they will be fully charged between sailings, when vessels are unloaded and loaded.
“You can just imagine that’s going to be a very big number, a very complicated project because it is going to be bringing transmission and fairly substantial energy supply into some very busy and urban terminals.”
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