Federal Loan Funds Ferry Purchase
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BC Ferries CEO Nicolas JimenezHome
•Business
Business & Economics
Federal bank is loaning $1B for BC Ferries to buy Chinese-made ships

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BC Ferries CEO says he is "surprised and disappointed" by federal government's letter.
Transport Minister Chrystia Freeland had expressed "great consternation and disappointment" with the purchase.
Canada Infrastructure Bank says it is loaning $1 billion to help buy four Chinese -made ferries.
The company says it signed the loan before it was finalized that the Chinese shipyard would win the contract.
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