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Article: New ferry operator in line for pounds31m subsidy in first year
- Article from:
- Press and Journal, The Aberdeen (UK)
- Article date:
- July 7, 2006
CopyrightCopyright 2006 Press and Journal, The Aberdeen (UK). Provided by ProQuest LLC. (Hide copyright information)
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A Subsidy of pounds31million has been awarded to the new company
running the northern isles ferry services for its first year of
operations.
The routes from the mainland to Orkney and Shetland were taken
over yesterday by NorthLink Ferries, formed after Caledonian
MacBrayne was named the preferred bidder for the contract earlier
this year.
The new company - which takes over from NorthLink Orkney and
Shetland Ferries - has taken on the staff of the former operator, a
joint venture between CalMac and the Royal Bank of Scotland, which
pulled out of its contract early after financial pressures.
The original company was expected to receive a basic subsidy of
pounds29.7million over three ...