Final 2 STC buildings to be sold, wind-down costs still unknown: minister

The Saskatchewan Transportation Company lives for another year at least on paper.

The minister responsible for the now defunctbus company said cabinet extended the wind-down for another fiscal year in order to finalize the sale of two former maintenance facilities one in Regina and one inSaskatoon

"We would have liked these two transactions to have wound up here a couple months ago," Joe Hargrave said.

"These things sometimes take time, by the times the I's are dotted, T'sare crossed on an agreement."

The Crown Corporation was scrapped almost one year ago when the government tabled its 2017-18 budget, with service officially coming to a halt last May.

Following the closure, the province hired KPMG to help liquidate STCassets, including its 45 coach buses, and proceeded to sell off former depots, property and other facilities.

On Thursday, Hargravesaid the costs associated with the wind-downare not yet known.

"Our costs have been, I am told,very well managed so far."

He said there would be "numbers" from STCincluded in the April 10budget since the province did make some financial gains from the wind-down.