Nova Star ferry gets new $13M subsidy
The Nova Star Cruises ferry, which underperformed in its first season of service between Portland and Yarmouth, Nova Scotia, has received another subsidy and will return this year.
The Portland Press Herald reported that Nova Star is receiving $13 million (Canadian) from Nova Scotia’s provincial government, but on the expectation that Maine will provide its own $5 million line of credit this year. Gov. Paul LePage has previously said he would make good on his promise to provide the funds, saying last fall that he will draft legislation this session.
Nova Star’s second season will span from June 1 to Oct. 14, shorter than its inaugural season, which began a month earlier and was ended three weeks earlier. Nova Scotia spent a total of $28.5 million (Canadian) on Nova Star for its first year, $21 million of which was originally supposed to be disbursed over a seven-year period.
Source: Portland Press Herald
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