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Ontario investing in Ring of Fire infrastructure


April 28, 2014
By Rock to Road

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April 28, 2014,
Toronto, Ont. – The Ontario government is prepared to commit up to $1 billion
to develop strategic all-season industrial and community transportation
infrastructure in the Ring of Fire.  

April 28, 2014,
Toronto, Ont. – The Ontario government is prepared to commit up to $1 billion
to develop strategic all-season industrial and community transportation
infrastructure in the Ring of Fire.  

 

Ontario needs a partner
and is calling on the Federal government to equally match this funding to build
the infrastructure required for this important project in the north that will
create jobs and boost the northern economy.

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The approach and
priorities with respect to this investment will be established in partnership
with First Nations, governments and industry partners through the development
corporation.

 

The province is
currently facilitating the creation of a development corporation to accelerate
strategic infrastructure development in the region. The corporation will bring
together key mining companies, First Nations, and the provincial and federal
governments to develop, construct, finance, operate and maintain infrastructure
supporting access to strategic resources in the mineral rich Ring of Fire.

 

The Ring of Fire
represents one of the most significant mineral regions in the province, and
includes the largest deposit of chromite ever discovered in North America. A
multi-generational opportunity, the Ring of Fire will create thousands of jobs
and enhance the economic prosperity of Ontario and Canada.