The Fast Ferry Scandal, also referred to as the Fast Ferries Scandal, "FastCat Fiasco", Fast Ferries Fiasco, were names given to a political affair in the late 1990s relating to the construction of three fast ferries in British Columbia.
The provincial government at the time, led by New Democratic Party (NDP) premier Glen Clark, decided to use provincial Crown corporation BC Ferries to advance its economic goal of supporting British Columbia's shipbuilding industry by creating a fleet of custom-designed high-speed catamaran passenger/vehicle ferries for BC Ferries. The eventual goal was to use BC smelted aluminum from Alcan, to create jobs building aluminum boats for the international market. The vessels were to be built by private shipyards under the overview of a new provincial Crown corporation to be called Catamaran Ferries International Inc. (CFI).
A major impetus for the project was to have BC Ferries spend locally some of the billions that needed to be spent on new ships. The development of Duke Point, truck ferry terminal, south of Nanaimo, and the new island freeway, allowed the north Nanaimo ferry terminal to focus on the passenger market. Large trucks were to be banned from the north Nanaimo terminal and moved to an alternate Duke Point truck ferry.
The improvement promised was to deliver more frequent service (travel time reduced by 30 minutes), with smaller-capacity ships (250 cars vs. 365). The smaller ferries required 17 fewer staff per vessel to operate the same route, reducing operating costs.
Perhaps more important than the need for a more efficient ferry system was the NDP Government's desire to rebuild and collect taxes from the shipbuilding industry of British Columbia. During the early 1900s, shipbuilding in British Columbia was at its greatest, in support of a booming fishing industry. During the Second World War, shipbuilding again peaked with the delivery of two 10,000-ton freighters every week. By the 1990s, however, shipbuilding in British Columbia was nearly dead due, in-part, to the ballooning cost of materials, labour disputes, and increasing competition from Asian shipyards.