Language

Google Translate Disclaimer

A number of pages on the Government of Saskatchewan's website have been professionally translated in French. These translations are identified by a yellow box in the right or left rail that resembles the link below. The home page for French-language content on this site can be found at:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

Software-based translations do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language. The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Crowns Helping Saskatchewan Grow

Released on April 21, 2015

Saskatchewan’s Crown Corporations had consolidated net earnings of $163 million in 2015, with total revenues increased to $5.2 billion.

Crowns recognize the need for capital improvements and the increase in demand for their services.

In order to meet this unprecedented need, Crown corporation capital investment in infrastructure continued at record levels.  In 2014, $1.9 billion was spent, despite challenges of competition, high construction and operation costs and unrealized market value adjustments that affected net earnings at SaskTel, SaskEnergy and SaskPower.

“The Crown corporations are investing to meet the demands of growth in our province,” Crown Investments Minister Don McMorris said.  “Infrastructure investment continues, at record levels, enabling the Crowns to provide high quality services that Saskatchewan residents and businesses have come to expect, while keeping rates among the lowest in Canada.”

Some of the projects included:
  • Launch of the Boundary Dam Integrated Carbon Capture and Sequestration Project, the first of its kind in the world.
  • Expansion of InfiNET, SaskTel’s fibre network, to Prince Albert – continuing the work already being done in Regina, Saskatoon and Moose Jaw.
  • SaskEnergy spent $101 million to ensure continued safe and reliable distribution and transmission of natural gas.
  • $6.5 million spent by SaskWater on asset refurbishment and replacement.
  • The Crown sector also paid $206 million to the government’s General Revenue Fund (GRF).
“The Crowns play a large part in the quality of life in our province and help us to achieve our objectives in the Saskatchewan Plan for Growth,” McMorris said.

The 2014 Crown Investments Corporation Annual Report is available online at www.cicorp.sk.ca.

-30-

For more information, contact:

Laur'Lei Silzer
Crown Investments Corporation
Regina
Phone: 306-787-5889
Email: lsilzer@cicorp.sk.ca
Cell: 306-535-7784

We need your feedback to improve saskatchewan.ca. Help us improve