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Mike Cassidy, owner of Trius Tours in Charlottetown. (CBC)

Trius Tours of Charlottetown has received the first of two green lights needed to run inter-provincial bus service into New Brunswick.

On Wednesday the Energy and Utilities Board in P.E.I. granted Trius a licence to operate. However, routes and rates will have to be reviewed before the new service can start.

A public hearing to discuss schedules and ticket prices will be held in Saint John either Oct. 31 or Nov. 1.

A spokesperson with the board says people from P.E.I. are welcome to attend. However, only discussion dealing with routes and rates charged in New Brunswick will be considered.

Meanwhile, public hearings into the Trius application in Nova Scotia start Tuesday.

"We do public transit here in Prince Edward Island and we feel that the Maritime provinces needs a bus network," said Trius Tours owner Mike Cassidy. "We have to look at route rationalization."

Trius Tours is looking to step up and replace much of the Maritime inter-city bus service currently being offered by Acadian Lines, which has said it is shutting down its business at the end of November.

"We have to understand what piece of equipment and the size of the equipment that should be on each route," said Cassidy. "How many passengers do we see on each route and how do you balance our ridership to vehicle size and frequency."

In announcing the end of its service, Acadian said it had lost millions of dollars.