March 22, 2013
Section 55 Application Guidelines Released
The Commissioner has released guidelines under section 55 of the Coastal Ferry Act (the Act) for applications that require commission approval for major capital expenditures. The Commissioner is inviting comments from the public with regard to these guidelines.
Under section 55 of the Act, British Columbia Ferry Services Inc. (BC Ferries) must apply to the commission for a declaration that a proposed capital expenditure is reasonably required. These guidelines serve to advise BC Ferries of the information needed by the Commissioner to make his determination. BC Ferries cannot incur a major capital expenditure without commission approval.