OTTAWA 鈥� The House of Commons transport committee agreed on Monday to launch a study into the $1 billion loan BC Ferries received from the Canada Infrastructure Bank to finance the purchase of four new electric-diesel ships from a Chinese shipbuilder.
BC Ferries announced last month that it had hired China Merchants Industry Weihai Shipyards to build the new ships following a five-year procurement process that did not include a Canadian bid.
The Canada Infrastructure Bank contributed $1 billion to the deal and said in a June 26 statement that the new ferries "wouldn't likely be purchased" without this financing.
The bank said the low-cost loan includes up to $690 million to buy the vessels and up to $310 million for electrification infrastructure.
The Canada Infrastructure Bank is accountable to Parliament through Housing and Infrastructure Minister Gregor Robertson.
The committee unanimously voted to call Robertson, along with Transport Minister Chrystia Freeland, and the CEOs of BC Ferries and the Canada Infrastructure Bank to testify.
Jeff Groot, executive director of communications for BC Ferries, said the company signed the loan with the bank before the contract with the Chinese shipyard was finalized.
The committee hearings are to be scheduled within the next 30 days.
Freeland sent her B.C. counterpart, Mike Farnworth, a letter on June 20 saying she is "dismayed" by the deal and expects BC Ferries to mitigate potential security risks.
She also asked the B.C. government to confirm that no federal funding will be diverted to purchase the ferries.
Dan Albas, Conservative transport critic and committee co-chair, requested Monday's meeting. He said he wants to know why $1 billion in public funds has been earmarked to finance overseas shipbuilding in the middle of a trade war with the U.S., and as China charges tariffs on some Canadian agricultural products.
The committee will debate next steps once the testimony is complete.
The new vessels for BC Ferries are expected to join the fleet between 2029 and 2031.
-- With files from Wolfgang Depner in Victoria.
This report by The Canadian Press was first published July 7, 2025
David Baxter, The Canadian Press
