07 June 2012
Work on US$46.5-million scheme stopped in March when the contractor went into receivership with the job approximately 60% complete. Having a performance bond in place has enabled the city to appoint a new contractor.
Restarting the project with Horseshoe Hill Construction will enable the bond company to fulfill its responsibility to ensure project completion at no additional cost to the city.
Horseshoe Hill Construction has assembled a team that will deliver the completion of the contract as the city takes over operational delivery and oversees the project. First on the priority list for the contractor is a completion schedule that will be developed within the next few weeks.
“This is an important infrastructure project that the community is anxious to see completed,” said councillor Steve Desroches. “I am confident that the project is moving forward with the right team to deliver the full extent of the contract.