From CBC Nova Scotia:
Nova Scotia's Liberal government revealed Thursday it refused to honour a $200-million loan guarantee offered to Irving Shipbuilding in a secret 2012 provincial government letter to the company.
The $200-million loan guarantee was in addition to the $304 million in provincial government loans and grants pledged to the Halifax Shipyard as part of its winning effort to secure the contract to build vessels for the Canadian navy under the National Shipbuilding Procurement Strategy.
The loan guarantee was part of the assistance package announced in March 2012 by the then-NDP government, but the exact amount was withheld until late July this year. That was only released after an appeal to Nova Scotia's information and privacy commissioner by the Canadian Taxpayers Federation.
For more see Nova Scotia Liberals denied promised aid to Irving Shipbuilding
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