The contractor responsible for two major projects in the Saint John area has gone into receivership and questions are being raised about possible construction delays.
Bolton, Ont.-based Concreate USL is responsible for both the Saint John Harbour Bridge refurbishment and the One Mile House interchange.
The two projects combined are worth $110 million.
Concreate USL’s head office issued a statement on Wednesday confirming its financial troubles.
"We can confirm that we are in interim receivership. But the company is not making a statement right now any further," the company said.
Construction work was still underway on Wednesday with one lane closed on the Saint John Harbour Bridge.
Other workers were busy laying deck at the new One Mile House Interchange.
But there are questions about what the company’s financial troubles will mean for its New Brunswick-based construction projects.
Premier David Alward left a press conference at the Port of Saint John on Wednesday without commenting on Concreate’s problems.
Province working closely with company
Department of Transportation officials issued an email statement saying the provincial government will be working closely with the company to keep the projects moving forward and to ensure the terms of the contracts are met.
The provincial government said it pays the company on a monthly basis for its work.
But the possibility of future delays is a concern for Saint John Mayor Ivan Court.
Court said if there are delays on reconstruction of the Saint John Harbour Bridge it might be better to put the project on hold for a while.
Court said the bridge work is forcing the city to hold off on work it needs to do to the Reversing Falls Bridge.
That work was to have started this summer.
"If there's going to be a long, long delay then our staff is probably going to be talking to the province about getting the line across the bridge done before they continue on," Court said.