BC Ferries will be eligible for federal bail-out funds

Officials say BCFerries will be eligible to receive federal financial assistance from Ottawa, adding it to the list of other struggling transit agencieseligible for millions in bail-out funds.

The money comes from the $1 billion already set aside for transportation by both the federal and provincial governments under Ottawa's Safe Restart Agreement. TransLink and B.C. Transit, facing staggering financial losses,are set to receive a portion of that funding.

"We are working... to make sure they are able to provide service as they rebuild," saidB.C. Transportation and Infrastructure Minister Claire Trevena.

The federal government announced last monthit would be providing$19 billion to the provinces andterritories to help fund a "safe restart" of the Canadian economy.Prime Minister Justin Trudeau said the agreementis meant to help governments pay for a variety of needs, including transit, paying for child care, bailing out financially strapped cities, and increasing contact tracing.

A total of about $2.2 billion infederaltransfers will go to B.C., meant to keeppeople afloat as the economy reopens and tobolster provincial support programs.

How much each transit authority receives is yet to be decided.

A statement said the province is working with the agencies "to fully understand the operational and financial challenges resulting from the pandemicbefore determining what level of relief may be considered."

BC Ferries will be requiredto bring forward a comprehensive relief proposal to the province to ask for the funding, with"all necessary informationmade available to support the government's decision."

Trevena said restoring ferry service to pre-pandemic levels and "keeping fares reasonable" will be priorities.

BC Ferries CEO Mark Collins said in a statement that the corporation's leadership was "pleased to hear confirmation" of its eligibility, havingbeen collaborating with both levels of government for months on the issue of funding.