TORONTO, Mar 26, 2003 (Canada NewsWire via COMTEX) --
BFI Canada Income Fund (TSX:BFC.UN) announced today that its subsidiary, BFI Usine de Triage Lachenaie Ltd., has received an emergency decree from the Quebec government approving BFI Usine's request to vertically expand the Lachenaie landfill. Receipt of this decree ensures that there will be no interruption to the landfill's operations and provides approximately one million tons or one year of capacity.
Additionally, the Quebec government has provided final zoning approval for the proposed long-term landfill site expansion.
BFI Usine de Triage has completed all required regulatory submissions and filings for the long-term landfill expansion. Public hearings have been completed, with a report to be submitted to the Quebec Ministry of Environment by May 20, 2003. The long-term expansion permit is then subject to the Quebec government's final approval.
The approval process relating to the long-term expansion remains on track and management remains confident of the Quebec government's ultimate approval.
'The Quebec government's decision to issue an emergency decree to vertically expand the Lachenaie landfill ensures that the Montreal community's waste management requirements are met without interruption, a provisional solution supported by the Montreal Metropolitan Community,'said Keith Carrigan, President and Chief Executive Officer. 'The approval process regarding the long-term solution is in the final stages.'
BFI Canada Income Fund, through its subsidiaries, is one of Canada's largest full-service waste management companies providing non-hazardous solid waste collection and landfill disposal services for commercial, industrial and residential customers in the provinces of British Columbia, Alberta, Manitoba, Ontario and Quebec. Through its wholly-owned subsidiaries, it owns and operates three landfills, carries on collection operations in 18 markets, and operates two transfer collection stations, seven material recovery collection facilities and one landfill gas to energy facility. BFI Canada's business does not include any management, collection or disposal of hazardous or liquid waste. The Fund's Units are listed on the Toronto Stock Exchange under the symbol BFC.UN. For more information on the Fund, visit www.bficanada.com.
This press release contains certain forward-looking statements. While these forward-looking statements represent the company's best current judgment, they are subject to a variety of risks and uncertainties beyond the company's ability to control or predict which could cause actual events or results to differ materially from those anticipated in these forward-looking statements. Accordingly, readers should not place undue reliance on forward- looking statements.
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VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: http://www.newswire.ca/cgi-bin/inquiry.cgi?OKEY=57624
For further information: Joseph D. Quarin, Chief Financial Officer, Tel: (416) 401-7722, Email: joe.quarin(at)bficanada.com; Anne Plasterer, Manager, Investor and Employee Relations, Tel: (416) 401-7729, Email: anne.plasterer(at)bficanada.com
News release via Canada NewsWire, Toronto 416-863-9350 Copyright (C) 2003 CNW, All rights reserved
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