Bay Ferries paid over US$7M

Bay Ferries held the contract to service the TT Spirit and TT Express fast ferries.

Speaking in the House of Representatives, Sinanan said the company’s contract included a monthly management fee of US$90,000 and a monthly operational fee of US$250,000. Sinanan is awaiting a report from the Port Authority about maintenance issues regarding the Spirit and Express.

He said the Authority is in the process of identifying vessels to replace both vessels and once identified, these vessels will be subjected to pre-charter condition survey inspection by Lloyds of London. Cabinet will then make a final decision. The minister said no cost was incurred regarding procuring of the Atlantic Provider and Trinity Transporter, for use on the domestic seabridge.

These vessels were procured after the Super Fast Galicia, acquired under the former People’s Partnership (PP) government, was pulled off the seabridge in April.