Inuvik-based Dowland Contracting has no money left for creditors

According to the final report from the receiver, Dowland Contracting Ltd. has no money left for its creditors.

Construction company involved in projects in Yukon and Nunavut declared bankruptcy 3 years ago

A Dowland company walked away from renovations at Iqaluit's Qikiqtani General Hospital in 2013, and defaulted on the $36 million project.

Dowland Contracting Ltd. has no money left for its creditors, according to the final report from the receiver.

The Inuvik, N.W.T.-based company was forced into bankruptcy almost three years ago after piling up loans with Royal Bank and other creditors.

The company owed $135 million but had only $75 million in assets.

The company was involved in 30 projects across Canada, including Inuvik's East Three school; rebuilding St. Jude's Cathedral in Iqaluit​; new hospitals in Dawson City and Watson Lake, Yukon; the Tantalus School in Carmacks, Yukon, and a new freshwater pump station in Whitehorse.

Dowland also defaulted on and walked away from the renovation project at Iqaluit's Qikiqtani General Hospital.


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