Nova Scotia gives $2M to help Maine ferry company
PORTLAND, Maine (AP) — Nova Scotia’s government is providing $2 million to help a ferry operator meet federal requirements in the U.S. so tickets can be sold for service between Halifax and Portland, Maine.
Economic Development Minister Michel Samson says the money will be used by the company to post a bond required by the U.S. Federal Maritime Commission. That raises to $6.8 million the amount spent so far by the province, which has committed $21 million over seven years to subsidize the service.
Mark Amundsen, CEO of Nova Star Cruises, says the funds will enable the company to start advertising fares and selling tickets.
The Nova Star is currently being cleaned and repainted in Singapore before being relocated to the North Atlantic. Portland-to-Halifax ferry service is due to start in May.