Kept afloat.
| Position | Government assistance enables the Urban Transit Development Corp. to finance its operations - Around the North - Brief Article |
The province announced last month that it will keep UTDC (the Urban Transportation Development Corporation) afloat until a buyer is found for the Lavalin Industries Ltd. subsidiary. Without the government assistance, UTDC said it would have been unable to pay employees, complete existing orders and bid on new contracts. Potential buyers of the company included Bombardier Inc. of Montreal and...
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