Pulp and Paper Canada

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Good news for Gaspsia


June 27, 2005
By Pulp & Paper Canada

The Montreal Gazette recently reported that construction entrepreneurs implicated in the opening of the Gaspsia Pa…

The Montreal Gazette recently reported that construction entrepreneurs implicated in the opening of the Gaspsia Papers mill approved a settlement on June 23rd. Investissement Quebec has committed to the nullification of $20 million of the $40 million debt incurred by the entrepreneurs in an attempt to help them avoid bankruptcy as a result of their involvement in the Chandler project. The Gazette further reported that the government agency has said the outstanding debt can be paid back over a period of ten years and that interest on the sum won’t start until 2015.

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