A British company that is part of a P3 agreement with the Saskatchewan government to build and maintain a new hospital in North Battleford has gone into liquidation.
In a statement released Monday, Carillion PLC, which employs more than 6,000 people in Canada, said it had no choice but to liquidate.
It has been struggling to reorganize amid debts of $1.24 billion and a similar pension deficit. Carillion’s share price has plunged 70 per cent in the past six months.
According to SaskBuilds, which is organizing the North Battleford project on behalf of the government, construction and completion of the hospital will not be affected by this announcement.
Construction of the Saskatchewan Hospital North Battleford (SHNB) bega…
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