TRENTON, N.S. -- The Nova Scotia government says there will be a new round of bids for the former railcar and wind tower manufacturing plant in Trenton that closed in February after taxpayers sunk $56.3 million into the facility.
The Business Department says the move comes after the receiver recommended the rejection of all the bids received for the former DSME Trenton plant under the court-approved sale process.
The department says three bids were made to operate the facility and four to buy its equipment with none meeting the receiver's requirements to be considered qualified bids.
It says the receiver will consider other kinds of proposals for the plant as part of the new round of bids, including lease-to-own arrangements.
Business Minister Mark Furey says the government remains committed to finding a solution that protects taxpayers and makes the most of the asset.
The province is the primary secured creditor for the plant.
