A "Ferry" good deal!

[flamingfingers]

After a 2-year refit that cost $17 million, with fuel tanks full, the Queen of Chilliwack, instead of being put back into service was sold to a former BC Ferries manager operating out of Fiji for $100 million.

Last year, a letter by Transportation Minister Todd Stone stated the refit cost of the MV Queen of Chilliwack was $17 million. Now, the vessel is leaving for Fiji where it will add to transportation services provided by the former Queen of Prince Rupert. Two weeks ago, new owner Subarmani (George) Goundar - a former BC Ferries manager - talked with the Fiji Sun:
Company managing director, George Goundar said they finally sealed the deal over the purchase of the vessel last Friday from previous owner, British Columbia Ferry Services. The negotiations over the acquisition took about two years.

He indicated that the travelling public would be impressed at the state-of-the-art facilities this vessel has to offer.

Mr Goundar explained that the new vessel is 36 years old but is of very high standard, has updated technological equipment and state of the art passenger facilities.

He revealed that the previous owner had spent more than $FJD 40 million ($28 million Canadian) on upgrade and maintenance just two years ago.

Shortly after renovation of the Queen of Chilliwack was completed in 2013, BC Ferries announced it was retiring the ferry.

The new owner paid $100,000 and, reportedly, the deal calls for the ship to be delivered with full fuel tanks. If true, the fuel would be worth far more than the selling price.

http://northerninsights.blogspot.ca/

BC Christy motto: "Buy high; sell low."

[maryjane48]

looks like christy has her own ferry fiasco now . she should cross the floor lol

[flamingfingers]

^^She would have to sit as an Independent then - no other party would have her!!

[dieseluphammerdown]

Well we know the NDP wouldn't want her , as it's no secret they want nothing to do with any politician or leader who has had success.
Success and the NDP just don't go together.

[Omnitheo]

looks like christy has her own ferry fiasco now . she should cross the floor lol

Actually it's normal liberal practice. You should see how low they sold the last ferries for. Talk about getting ripped off