NS Gov't Unwraps Huge Bowater Land/Assets Deal

The Nova Scotia government is adding $117.7 million in debt to acquire a huge swath of private forest land formerly owned by Resolute Forest Products. The mega-deal was announced Monday night and will give the province control of 220,000 hectares of woodlands, along with Brooklyn Power and the former Bowater mill factory site. CKBW/HANK FM's Steve MacArthur has the details.



Dexter says acquiring the assets is necessary in order to revive the forestry industry and ``generate jobs and wealth in the province.'' The premier will unveil details of the Resolute deal at a forum later today in Halifax.