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Horizon North Logistics Inc. Announces Conditional Award of Camp Service Contract
Horizon North Logistics Inc. Announces Conditional Award of Camp Service Contract ...
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[{"type":"text","content":"\n\n\n\nHorizon North Logistics Inc. Announces Conditional Award of Camp Service Contract\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, April 9, 2018\n\n\n\nCALGARY, April 9, 2018 /CNW/ - Horizon North Logistics Inc. (\"Horizon North\" or the \"Corporation\") (TSX: HNL.TO) announced today that its Industrial Services division, through the Halfway River Horizon North Camp Services Limited Partnership (\"Halfway River Horizon North\"), has been granted a conditional award for the provision of full turn-key camp facilities and services in the North Montney region of northeast British Columbia.\n\nThe conditional award provides for the construction of two new workforce accommodations facilities of 575 and 610 beds respectively and the utilization of Horizon North's existing Kobes Creek Lodge open camp. The conditions of the award include external regulatory approvals, customer internal approvals, and agreement on final contract terms between the customer and Halfway River Horizon North.\n\nRevenue for the full term of the award is expected to be $63 million over the period of August 2018 to November 2019. The two new facilities and an expansion of Kobes Creek Lodge will be comprised entirely of existing fleet. The capital required primarily to install and mobilize the facilities is included in the Corporation's existing 2018 capital plan.\n\n\"This conditional award pairs Horizon North's presence as the largest open camp provider in the Montney region with our dedication to strong partnerships with Aboriginal communities,\" says Rod Graham, President and Chief Executive Officer of Horizon North. \"We look forward to continuing our work with the customer towards a completed contract and implementing our full turn-key workforce accommodations solutions with our partners from Halfway River First Nation.\"\n\n\"Including Halfway River First Nation, Horizon North maintains 23 partnerships with Aboriginal communities across western and northern Canada and a dedication to employing members of those communities on our projects,\" adds Rod Graham. \...