The sale of Saskatchewan Transportation Company (STC) assets has closed, but it will be some time before the province can answer how much money has been made.
There were a number of items for sale, including STC buses and the multi-million dollar Regina depot built in 2008.
“The bids are going through a process are being reviewed and verified, but due to the nature and complexity of the bids, it will be some time before we have a number,” STC’s Candace Caswell explained. “Whether a bidder is buying one bus or multiple buses will determine how long this takes.”
The sale of buses and other such equipment closed on Oct. 2, while the tendering process for the building and properties closed on Oct.4.
Caswell said she hoped more information would be available by the end of the year.
The Saskatchewan government axed the provincial bus company in the 2017-18 budget as part of its effort to reduce the deficit. Services ceased at the end of May.
STC will officially wind-down by the end of May 2018.