US$ 650 million contract cancelled at SNC Lavalin

Premium Content

27 December 2012

SNC-Lavalin building

SNC-Lavalin building

A developer that awarded a US$ 650 million contract to Canadian contractor SNC Lavalin in November 2011 has terminated the deal.

SNC Lavalin said the project – to construct a froth treatment plant in Fort McMurray, Alberta, Canada as part of an oil sands development – would be de-booked from its fourth quarter 2012 backlog. It added that it did not expect its earnings to be impacted as a result.

The contractor said it had received a notice of termination for convenience from its client. At the time that the contract was awarded last year, SNC Lavalin said construction was scheduled to begin in February 2012.

Latest News