The Nova Scotia-to-Maine ferry has strong support, according to an economic impact study.
The long-awaited report from consulting firm ’21FSP’ was released publicly by the province Friday.
It says passengers travelling to Nova Scotia on ‘the CAT’ stay longer, and spend more money.
It also says the province’s subsidy of the service is consistent with international norms.
The study said most tourism operators plan 2-3 years ahead, and uncertainty deters business confidence.
In October, 2024, the province extended their 10-year contract with Bay Ferries until March, 2027.
‘The CAT’ carried around 40,000 passengers in 2025, with a decrease in Canadian travel to the U.S.
American passenger numbers remained stable.
Findings validate ferry importance, says Yarmouth Mayor
Yarmouth Mayor Pam Mood says it confirms what people in the area have known for years, that a long-term deal is needed.
“We know now that we have businesses waiting for the long-term. Nobody is going to set up a business if they think a ferry-based business is in jeopardy,” said Mayor Mood.
“The ferry isn’t just a transportation link, it’s to ensure that people come here, stay a while and spend their money here.”
Comments