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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2020-08-24 C$ 23.29
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Van Sun says Atco, others hear Site C's falling behind

2020-08-24 06:59 ET - In the News

See In the News (C-ACO) Atco Ltd

The Vancouver Sun reports in its Monday edition that tractor trucks are continuing their short nighttime trips from Fort St. John to BC Hydro's Site C project, delivering penstock sections for the dam powerhouse as contractors scramble to make up for lost time. The Sun's Derrick Penner writes that those deliveries are complicated and time-consuming journeys to navigate 10-metre-diameter sections of steel tubes to the work site, and were on the list of tasks put on hold during a COVID-19-related slowdown of construction. "We're working with our contractor to re-sequence some activities to catch up on the work that was suspended between March and May," said BC Hydro in a statement. Those issues were highlighted in the combined quarterly and annual reports BC Hydro filed with the B.C. Utilities Commission July 31. The NDP government appointed Peter Milburn, a former finance deputy minister who helped conduct a review of BC Hydro under the previous government, as a special adviser to get a handle on costs. "The latest revelations from the report really indicate that it's becoming a worse and worse idea to move forward with [Site C]," said Sonia Furstenau, the B.C. Green party MLA for Cowichan on Vancouver Island.

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