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ARTICLE · 01 MAY 2014

$1 Billion Investment In Ring Of Fire

McCarthy Tétrault
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The Government announced today that it will commit $1 billion toward the development of infrastructure in the so called "Ring of Fire" in Ontario’s far north.

CanadaEnergy and Natural Resources
William Fyfe
William Fyfe
Lynn Parsons
Lynn Parsons
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The Government of Ontario announced today that it will commit $1 billion toward the development of infrastructure in the so called "Ring of Fire" in Ontario's far north. As discussed here, private investment in the region has been slow in part because of a lack of transportation and power transmission infrastructure. According to Northern Miner, approximately $2.25 billion needs to be invested to facilitate the development of the region. While the Government of Ontario hopes that the Federal Government will match its contribution, it is currently unclear whether federal funding can be expected.

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