Transport Canada: Minister of Transport announces the elimination of Marine Atlantic Inc.'s cost-recovery policy

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Minister of Transport announces the elimination of Marine Atlantic Inc.'s cost-recovery policy

by Transport Canada on Friday 05 July 2024 07:50 PM UTC+00 | Tags: news-releases
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.
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