Provincial Government to Maintain Ownership of Bull Arm Site

The article reports that the Newfoundland and Labrador government independently announced a plan to pursue a floating drydock facility, funded with an initial $200 million dedicated from a separate fabrication fund and not part of the Bay du Nord oil project agreement. It notes the government’s vague cost estimate for the project (about $425 million…

The Newfoundland and Labrador government canceled the Liberal-era memorandum of understanding to lease the Bull Arm site to North Atlantic Refining Limited, citing opportunities from Bay du Nord and defence spending as reasons. The government intends to keep discussions with North Atlantic about leasing Bull Arm land, will fund initial planning for a…

The Newfoundland and Labrador government will maintain ownership and control of the Bull Arm fabrication site, cancelling a non-binding memorandum of understanding with North Atlantic. The site’s existing infrastructure will remain under Bull Arm Fabrication Inc. on behalf of the government, while discussions continue about leasing undeveloped areas for…