Name of transfer payment program: Port Divestiture Fund
Start date: April 18, 1996
End date: March 31, 2014
Description: The Port Divestiture Fund was created to facilitate the divestiture process by providing new owners/operators with contribution funding to continue port operations for the foreseeable future.
Strategic Outcome: An efficient transportation system
Results Achieved: In 2013-14, seven ports were divested to local entities under the Port Divestiture Program, with a total contribution of $24 million.
| 2011-12 Actual spending | 2012-13 Actual spending | 2013-14 Planned spending | 2013-14 Total authorities | 2013-14 Actual spending | Variance | |
|---|---|---|---|---|---|---|
| Total grants | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total contributions | 28.2 | 12.9 | 11.0 | 24.4 | 24.3 | -13.3 |
| Total other types of transfer payments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total program | 28.2 | 12.9 | 11.0 | 24.4 | 24.3 | -13.3 |
Comments on variance: Transport Canada successfully divested seven ports. This was three more than originally projected for the last year of funding under the Port Divestiture Program, and as a result, additional contribution funds were expended.
Audits completed or planned: Not applicable
Evaluations completed or planned: There is no planned evaluation at this time. Funding for the program ended March 31, 2014.
Engagement of applicants and recipients: Transport Canada engages potential interested parties through public meetings, newspaper notices, and targeted calls for proposals; provides information on service standards and reporting requirements; participates in dialogue and negotiations with potential interested parties; and maintains ongoing relationships with recipients consistent with the related contribution agreements.