SNC-Lavalin Capital Confirms Financing for Western James Bay Hydro Grid Extension.Business Editors MONTREAL--(BUSINESS WIRE)--Nov. 20, 2000 SNC-Lavalin Capital Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :SNC SNC St Norbert College (De Pere, Wisconsin) SNC Sistema Nervioso Central SNC Société en Nom Collectif (French: Partnership) SNC Système Nerveux Central (French: central nervous system) .) has announced the successful signing of a $34.3 million long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. financing in support of the construction of the Omushkego Iskotayo transmission line along the western coast of James Bay. SNC-Lavalin Capital acted as financial advisor to the borrower Five Nations Energy Inc. and structured the financing with Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad. Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I). , Pacific & Western Public Sector Financing Corporation Financing Corporation (FICO) A government agency chartered in 1987 to bail out the Federal Savings and Loan Insurance Corporation (FSLIC) by issuing bonds. , Northern Ontario Heritage Fund The Northern Ontario Heritage Fund is a division of the Ministry of Northern Development and Mines in the Canadian province of Ontario, whose purpose is to provide funding and program support to foster economic development in the economically disadvantaged Northern Ontario region. Corporation, and SNC-Lavalin Inc. The debt will be partially secured by a contribution through the Department of Indian Affairs and Northern Development over the next 10 years. In addition, Ontario Hydro Services Company will purchase the substation in Moosonee and a 79 kilometer portion of the transmission line. The First Nation communities of Attawapiskat, Fort Albany and Kashechewan will be provided with stable, efficient and reliable power. SNC-Lavalin Services Ltd. started work last winter under a $48.1 million turnkey fixed price contract with Five Nations Energy Inc. to design, manage construction and assist with the operation of the line. The Omushkego Ishkotayo transmission line is expected to reach Fort Albany and Kashechewan in the summer of 2001 and Attawapiskat in the summer of 2002. SNC-Lavalin Capital is the subsidiary of the SNC-Lavalin Group responsible for financial modeling and arranging financing in support of international and domestic projects. SNC-Lavalin Capital's financial experts based in Montreal, Vancouver, Paris and Amsterdam have contributed to arranging over US$5 billion in financing for local and overseas projects, demonstrating their ability to develop successful project financing solutions, regardless of size or complexity. SNC-Lavalin Group is one of the leading engineering and construction firms in the world, and a key player in the ownership and management of infrastructure. The group and its companies have offices across Canada and in 30 other countries, and are currently working in some 100 countries. The company is listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (symbol: SNC). |
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