POLITICS

Government grants companies more time to submit Yarmouth ferry business plans

06/19/2013 04:46 EDT | Updated 08/19/2013 05:12 EDT
YARMOUTH, N.S. - The Nova Scotia government is providing companies more time to submit business plans for the proposed ferry service based in Yarmouth.

Potential operators now have until July 4 to provide the government with a business proposal, two weeks later than the original deadline.

The government rejected two bids earlier this year, saying neither met the criteria for a viable operation.

The Yarmouth-to-Maine link was discontinued in December 2009 after the provincial government cut its subsidies, saying the money-losing business wasn't viable.

The provincial government faced sharp criticism for killing the ferry and is now offering $21 million over seven years to restart the service.

It expects the service will resume in 2014.