Bay Ferries will lease part of Bar Harbor ferry terminal for at least CAD 264,000 per year for the next 5 years as part of line's Yarmouth-Maine service.
The lease agreement with Bar Harbor comes as the Bay Ferries company embarks on a major renovation of the terminal, with the government of Nova Scotia footing the bill.
The work is expected to include the demolition and rebuilding of Customs Plaza area as well as the renovation of a number of outbuildings and portions of the ferry terminal building's interior, Bay Ferries revealed in a news release.
The renovation of Customs Plaza area will feature installing technology and equipment required by U.S. Customs and Border Protection, along with “repairs to the existing pier, installation of a new fixed bridge section adjacent to the pier, and transfer of the floating ferry ramp structure from Portland to Bar Harbor.”
Nova Scotia will fund a contribution to the cost of border services operations at the terminal.
Since the ferry service resumed in 2015, the provincial government has spent C$32 million in subsidies.