October 14, 2011
Commissioner Releases Third Discussion Paper on Financial Sustainability
The BC Ferry Commission has been mandated to review the Coastal Ferry Act and make recommendations to the Minister of Transportation and Infrastructure on potential changes which would better enable the commissioner to balance the financial sustainability of the ferry operator and the interests ferry users. The commissioner is holding public consultation meetings in coastal communities served by BC Ferries and is inviting additional public input via written submissions or comments on several discussion papers to be published on a number of key issues.
This is the third discussion paper to be considered by the commissioner during his review. The third key issue relates to financial sustainability of the ferry operators and how it is applied. As one of the policy principles in the existing regulatory framework, it is not explicitly defined in the Coastal Ferry Act and the commissioner has instead relied on practices as applied in other regulatory frameworks.
Click here for a copy of the discussion paper and how to submit comments.