Claude Benoit, the high-spending chief executive of the Old Port of Montreal Corporation, will be let go and the Old Port itself will be dissolved under a Conservative government plan to clean house at the embattled federal Crown corporation that will be unveiled Thursday.
Public Works Minister Rona Ambrose will announce details of the Tory effort to clean up financial mismanagement at the Old Port in an afternoon speech to Parliament, government sources told QMI Agency Wednesday night.
Her message: Conservatives expect Crown corporations to be responsible in spending taxpayer dollars, adopt responsible management practices and be accountable to all Canadians.
The Old Port's staff, operations and assets will be amalgamated into the operations of its existing parent Crown corporation, the Canada Lands Company Ltd., the sources said.
Government officials will then proceed to reduce spending, staff and overhead costs at the money-losing Old Port.