The principal contractor for the Muskrat Falls hydroelectric project, Astaldi, has filed for protection from its creditors, Reuters reports. The Friday filing in a court in Rome comes after a delay in the sale of a bridge in Turkey. "The application allows the company to continue to work on contracts under construction during the process of composition with creditors 'with reservation.' Astaldi continues to work on site today and Nalcor continues to pay them in accordance with the requirements of the contract currently in place with them. letters of credit and bonds) under the contract that provide financial protections in situations where Astaldi doesn't meet its obligations under the contract," the statement said.

Source: CBC News September 28, 2018 13:41 UTC