Two Companies Remain In Bidding Process For New Border Crossing
A Canadian construction firm that could be swallowed up by a Chinese state-owned company says it will no longer be part of a private group bidding to build and operate a new bridge between Canada and the United States.
A spokeswoman for the Aecon construction firm wouldn't elaborate on the decision to pull out of the Gordie Howe International Bridge project.
The company said in a blunt email that it was a commercial decision.
The decision comes weeks before the government is to select the winning bid group that will build and operate the new $4.8 billion crossing between Windsor and Detroit, with construction expected to start this fall.
Last October, the CCCC International Holding Ltd., of China made a $1.5-billion bid to acquire Aecon Group Inc., which has a long history of participation in Canadian construction and engineering projects such as the CN Tower, Vancouver's SkyTrain, the St. Lawrence Seaway and the Halifax shipyard.
The Trudeau government has been warned by experts to proceed cautiously when weighing any investment bids by Chinese state firms and to be as transparent as possible in reviewing the proposed deal.
— with files from The Canadian Press