Difference between revisions of "Atcon Deficiencies"

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(update to current $6.5 million spent)
(update after Atcon settlement)
 
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The [http://dehchobridge.info/docs/mediapresentation_20111214.pdf December 2011 Construction Update] indicated $13.3 million is available for fixing Atcon deficiencies.  However,  [http://www.nnsl.com/frames/newspapers/2011-01/jan19_11db.html previous info] ([http://www.cbc.ca/news/canada/new-brunswick/story/2011/01/18/dehcho-bridge-atcon-nb-taxpayers.html more]) was that $2.9 million had been held back from Atcon, and the NB govt was on the hook for up to $13.3 million in ''addition'' to that, which would be $16.2 million available (unless the Atcon $2.9 million holdbacks were consumed prior to what the Update is covering).
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The [http://dehchobridge.info/docs/mediapresentation_20111214.pdf December 2011 Construction Update] indicated $13.3 million is available for fixing Atcon deficiencies, the amount of Atcon's construction bondThis was guaranteed by the Government of New Brunswick, which had to supply the funds after Atcon entered bankruptcy.
  
The 2011 Update indicated $5.6 million has been spent on Atcon deficiencies, with another $3-5 million to come.  A news story in February 2013 increased the amount spent to $6.5 million.  The total spend will not be known until Atcon's work is fully inspected in the summer of 2013 and the full extent of any deficiencies and necessary repairs and remediation work is known.  Any money remaining after this is carried out would be returned to the government of New Brunswick.
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The 2011 Update indicated $5.6 million has been spent on Atcon deficiencies, with another $3-5 million to come.  A news story in February 2013 increased the amount spent to $6.5 million.  The total spend will not be known until Atcon's work is fully inspected in the summer of 2013 and the full extent of any deficiencies and necessary repairs and remediation work is known.  At report tabled in the NWT Legislature showed 4 items remaining; two small ones totalling $70,000, and two (additional scour rock and potential repair to one of the piers) likely to be larger and requiring tenders.  Any money remaining after this is carried out would be returned to the government of New Brunswick.
 
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It should also be noted that to my knowledge, no final settlement has been reached on Atcon's terminated contract.  Presumably the bankruptcy receiver for Atcon has expectations of some sort of amount in compensation, but I've seen nothing public since July 2012, when the receiver indicated they would be engaging the NWT in settlement discussions "in the near future".
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Latest revision as of 22:45, 21 April 2013

The December 2011 Construction Update indicated $13.3 million is available for fixing Atcon deficiencies, the amount of Atcon's construction bond. This was guaranteed by the Government of New Brunswick, which had to supply the funds after Atcon entered bankruptcy.

The 2011 Update indicated $5.6 million has been spent on Atcon deficiencies, with another $3-5 million to come. A news story in February 2013 increased the amount spent to $6.5 million. The total spend will not be known until Atcon's work is fully inspected in the summer of 2013 and the full extent of any deficiencies and necessary repairs and remediation work is known. At report tabled in the NWT Legislature showed 4 items remaining; two small ones totalling $70,000, and two (additional scour rock and potential repair to one of the piers) likely to be larger and requiring tenders. Any money remaining after this is carried out would be returned to the government of New Brunswick.