N.B. Naval Centre generates $2.2M surplus
Looks like financial difficulties faced by the New Brunswick Naval Centre in Bas-Caraquet may be a thing of the past.
The facility owed about $4 million to creditors before the provincial government took control with help from Ottawa in 2016.
Recent figures suggest the centre generated roughly $2.4 million in revenue and a surplus of nearly $2.2 million.
Several improvements and repairs have taken place since the province took control of the facility.
Caraquet MLA Hedard Albert says more improvement projects are expected to be completed soon.
(with files from the Acadie-Nouvelle)