Transport committee will study B.C. Ferries receiving $1B loan for Chinese ships

The House of Commons transport committee has decided to initiate a study on the $1 billion loan that B.C. Ferries received from the Canada Infrastructure Bank to finance the acquisition of four new electric-diesel ships from a Chinese shipbuilder. This investigation aims to examine the financial implications and procurement process associated with the project.

Explain It To Me Like I’m 5: The people in charge of transportation in Canada are going to look into a big loan that B.C. Ferries got to buy new ships that run on electricity and diesel.

Want More Context? 🔎