ST. JOHN'S, N.L. -- Marine Atlantic says it will purchase two of its ferries through $375 million in funding for the service included in the 2015 federal budget.

The federal Crown Corporation says it will buy the MV Blue Puttees and MV Highlanders which operate on the run between Port aux Basques, N.L., and North Sydney, N.S.

The ferries were acquired for Marine Atlantic's fleet through a charter agreement with Stena in 2011.

The corporation says today's announcement is in addition to the $40-million lease renewal announced in February for the MV Atlantic Vision.

The lease extension runs until November 2017.