REGINA (Staff) – The Saskatchewan government’s investments in Saskferco, National Pig Development and heavy oil upgraders at Lloydminster and Regina will be examined as part of a review of the province’s crown corporations and investments.
Crown Investments Corp. minister Berny Wiens announced a three-part review of all CIC investments and five of the 12 corporations: SaskPower, SaskTel, SaskEnergy, Saskatchewan Government Insurance and the Saskatchewan Transportation Co.
CIC has investments in 15 companies, including HARO Financial Corp. (Crown Life), Dairy Producers Co-operative Ltd. and Cameco Corp.
The review will include an examination of the financial stability of each, future prospects and economic impact on the province. Review of the investments will differ slightly because some are joint ventures with private companies.
The process includes nine public meetings and two invitational meetings organized by the Provincial Advisory Committee on the Economy.
The town hall meetings are expected to be held in April and May. A conference in June will wrap up the review. The process is expected to cost more than $100,000.
