OTTAWA — The House of Commons transport committee agreed on Monday to launch a study into the $1 billion loan BC Ferries received from the Canada Infrastructure Bank to finance the purchase of four new electric-diesel ships from a Chinese shipbuilder.
BC Ferries announced last month that it had hired China Merchants Industry Weihai Shipyards to build the new ships following a five-year procurement process that did not include a Canadian bid.
The Canada Infrastructure Bank contributed $1 billion to the deal and said in a June 26 statement that the new ferries “wouldn’t likely be purchased” without this financing.
The bank said the low-cost loan includes up to
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