The provincial government has hired an international firm to conduct a $5-million (CDN) review of provincial assets and determine what opportunities they may present.

Government has hired Rothschild &Co to conduct a review of provincial assets as part of what it calls a three phased approach.

Minister Siobhan Coady calls the process the first of its kind in the province.

Coady says phase one will involve a three-month review of government assets to assess how to best maximize its potential including a specific focus on the province’s oil and gas holdings, NLC and Marble Mountain.

If government decides to move forward with the options presented, then it will move into phase two, which could involve preparing those assets for sale.