Infrastructure bank CEO defends $1-billion loan to BC Ferries for Chinese boats

The chief executive of Canada Infrastructure Bank is defending a $1-billion loan to help BC Ferries buy four new ships from China, saying it will lead to improved service for ferry users.

Ehren Cory provided the perspective Friday during an appearance before the House of Commons transport and infrastructure committee, which was gathered to address the controversy over BC Ferries not buying the vessels from Canadian shipyards.