MONTREAL – SNC-Lavalin and WSP Global say they have been given the green light from Quebec’s securities regulator to bid on public contracts in the province.
Since December 2012, approval from l’Autorite des marches financiers has been required before companies can sign or renew big public contracts or subcontracts in Quebec.
The authorization, valid for three years, is required for public contracts over $10 million or contracts with the City of Montreal valued at more than $100,000.
Past actions by WSP Global, formerly known as Genivar, and SNC-Lavalin have been highlighted at a provincial corruption inquiry.
Montreal-based SNC-Lavalin, which employs more than 6,400 employees in Quebec, welcomed the decision.
SNC-Lavalin also says it remains committed to working with the Quebec government to reach a “comprehensive, final and fair” settlement to address past infractions.
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