The communities we're building should be places where Canadians and young families can put down roots and build their futures. Connected communities grow our economy, help entrepreneurs set up shop, and give everyone a fair chance to succeed. Marine Atlantic Inc. is the federal Crown corporation that maintains daily, year-round freight and passenger ferry service between North Sydney, Nova Scotia, and Channel-Port aux Basques, Newfoundland and Labrador (NL). This ferry service is essential for Newfoundlanders and Labradorians, Atlantic Canadians, and their communities, and it's a critical component of Canada's transportation network.
Today, the Minister of Transport, Pablo Rodriguez, announced that the government is eliminating the policy that required Marine Atlantic Inc. to recover, through revenue, 65% percent of most of its operating expenses. By eliminating this cost-recovery policy, the government is keeping services affordable for residents, tourists, and businesses. Without the formal cost-recovery policy, Marine Atlantic Inc. is better able to respond to passenger needs, and ensure continued, safe, and reliable ferry services.
