Archived - Part 3 – Various Measures: Division 8
Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.
Reorganization of Certain Crown Corporations (Bridges)
In March 2010, a review of the Federal Bridge Corporation Limited (FBCL) was launched.
The measures in Division 8 will allow for the implementation of the following governance improvements:
- FBCL and its subsidiary, the Jacques Cartier and Champlain Bridges Inc., are to be two separate parent Crown corporations; and
- FBCL is to amalgamate with its two remaining subsidiaries, the Seaway International Bridge Corporation, Ltd. and the Saint Mary’s River Bridge Company and another parent Crown corporation, Blue Water Bridge Authority (BWBA).
The establishment of a single parent Crown corporation through the amalgamation of FBCL with its remaining subsidiaries and the BWBA would provide a portfolio approach to certain international bridge operations and improved oversight of the amalgamated corporations.
This approach will allow the amalgamated corporation to apply consistent policies and procedures across all its operations, streamline reporting, ensure consistency in service levels and security protocols, and conduct more rigorous financial planning.