Consultants to Manage PacifiCat Sale

BC Ferries (Canada) has retained PricewaterhouseCoopers LLP to advise and assist in selling its PacifiCat fast ferries. For technical support, PricewaterhouseCoopers has, in turn, retained JJMA Inc., one of the world's largest marine engineering and naval architecture firms. The Crown Corporation Secretariat hired JJMA in 1999 to provide an independent technical assessment of the PacifiCat hulls and its team leader for the assessment is a member of the PricewaterhouseCoopers' team.

PricewaterhouseCoopers LLP has extensive experience selling unique capital assets in the world's markets. The company's sales experience in the marine transportation sector includes both public and privately owned assets including fast ferries, conventional ferries, other marine vessels, shipping and shipbuilding organizations, and port facilities. PricewaterhouseCoopers is responsible for developing and implementing a marketing and sales strategy to obtain the best market value for the PacifiCats through a fair and appropriate process. The firm describes itself as "the world's largest professional services organization," with 750 people in B.C. and more than 150,000 people working in 150 countries around the world.