Supports purchase of new, larger hybrid ferries
Increasing passenger capacity in Vancouver area routes
Fast facts
Our $1 billion investment supports BC Ferries’ purchase of diesel-battery hybrid ferries which will allow more Vancouver-area commuters and tourists to travel on a cleaner transit option. Replacing end of life vessels ensures BC Ferries can maintain service, minimize disruptions and deliver a safe, more reliable experience.
The loan will help cover the higher upfront capital costs of zero-emission ferries (ZEFs) while reducing upward fare pressures. A large portion of financing will be used to upgrade infrastructure at select ferry terminals. Dedicated power transmission lines to the terminals will enable future all-electric operations of the new vessels.
The ferries are scheduled to be in-service between 2029 and 2031 and will assist BC Ferries—one of the world’s largest operators—expand its services on marquee routes.
Benefits of the CIB’s involvement
Without CIB financing, the new ferries wouldn’t likely be purchased and every year of delayed purchase risks more service disruptions, reduced travel options and employment gains.
Learn more
Disclaimer: The Canada Infrastructure Bank (CIB) in its sole and absolute discretion may choose to make available amendments, revisions, modifications, or replacements to this website. This page will remain open for further revision, modification, replacement or cancellation by the CIB at any time and in no event shall the CIB be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content of this website. Images courtesy of BC Ferries.
