08/12/2013 02:18 EDT | Updated 10/12/2013 05:12 EDT

Nova Scotia to provide update on proposals for ferry between Yarmouth and Maine

YARMOUTH, N.S. - The Nova Scotia government says it will provide an update Tuesday on the future of a ferry service between Yarmouth and Maine.

The provincial government has been evaluating business plans from three companies to determine whether any of the bidders are capable of running a viable service.

The assessment is being conducted with help from the Nova Scotia International Ferry Partnership.

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

A department spokesman would not say whether the government has accepted one of the proposals.

The Yarmouth-to-Maine link was discontinued in December 2009 after the province cut its annual $6-million subsidy when it concluded the money-losing business wasn't viable.