A new round of bidding for the former railcar and wind tower manufacturing facility in Trenton, Nova Scotia, will soon begin.
Government is accepting the receiver’s recommendation to reject all bids received under the court-approved sale process. This will allow the receiver to consider new offers.
“We know people continue to show interest in this facility and they have some interesting and creative ideas,” said Business Minister Mark Furey. “By taking this next step, we are removing barriers and opening up possibilities that could lead to new jobs for local workers.”
The court-approved sale process attracted three bids to operate the facility and four bids to buy the plant’s equipment. None of the operating bids met the receiver’s requirements to be considered qualified bids.
The receiver will be exploring other kinds of proposals, including lease-to-own arrangements.
“We know that the future of this facility continues to be a significant question mark for the people of Trenton and Pictou County,” said Mr. Furey. “We remain committed to finding a solution that protects taxpayers and makes the most of this valuable asset.”
Previous bidders are welcome to submit updated proposals and new bidders are encouraged to bring forward their ideas.
Source: Release
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