ICG boss says ferries subsidy ‘wasting taxpayers’ money’

Irish Times | Jul 1, 2020 at 7:15 AM
  • The head of ferry operator Irish Continental Group (ICG) has warned that any move by the new Government to extend a subsidy scheme to keep certain sea routes going during the Covid-19 pandemic would be a “waste of taxpayers’ money” and further distort the market.
  • ICG, owner of Irish Ferries, was due, along with Swedish-owned Stena Line and France’s Brittany Ferries, to be the beneficiaries from the subsidy.
  • ICG is reserving its position on whether to mount a legal challenge to the PSO, at a time when Belgian-owned freight operator CLdN, owner of Cobelfret Ferries, is seeking a judicial review of a similar PSO scheme in the UK.