Language

Google Translate Disclaimer

A number of pages on the Government of Saskatchewan's website have been professionally translated in French. These translations are identified by a yellow box in the right or left rail that resembles the link below. The home page for French-language content on this site can be found at:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

Software-based translations do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language. The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Strong Financial Returns and Record Capital Investment in 2023-24 for the Crown Sector

Released on July 11, 2024

Crown Investments Corporation (CIC) released its 2023-24 annual report today outlining Saskatchewan's Crown sector's strong fiscal results. Together, the commercial Crowns made record levels of capital investment across the province and delivered some of the most affordable utility costs in Canada to families, communities, businesses and industry.   

“Saskatchewan’s Crown corporations are key contributors to our province’s success, delivering quality services and finding innovative ways to enhance a high standard of living for Saskatchewan families,” said Minister of Crown Investments Corporation Dustin Duncan. “The sector’s accomplishments in 2023-24 helped Saskatchewan advance its Growth Plan goals to ensure our province continues to have a strong economy and bright future.”

With net earnings of $578.3 million, CIC, on behalf of its subsidiary Crowns, provided strong financial returns to the province, contributing $152 million to the General Revenue Fund in dividends supporting provincial priorities including areas such as classrooms, care and communities. 

The Crown corporations invested a record $1.9 billion in infrastructure in 2023-24 to enhance cellular and fibre optic connectivity across Saskatchewan, advance the Great Plains and Aspen Power Station projects and support system expansions for natural gas distribution and non-potable water supplies. These projects will help meet the demand forecast due to the province's future growth and entice private-sector investments.

The sector also delivered additional value for its customers and Saskatchewan communities, investing in Indigenous education and employment opportunities, energy efficiency programs, initiatives for newcomers and individuals with housing insecurity, support for many non-profit organizations including the lifesaving work of STARS Air Ambulance, and more. 

The 2023-24 Annual Report for Crown Investments Corporation is available online at www.cicorp.sk.ca.

-30-


For more information, contact:

Shirley Xie
Crown Investments Corporation
Regina
Phone: 306-787-7732
Email: sxie@cicorp.sk.ca



We need your feedback to improve saskatchewan.ca. Help us improve