Le Lézard
Classified in: Mining industry, Environment, Science and technology, Business
Subjects: NPT, ECO, DIS, NTA, CPG, CMG, DEI

Northern Action Plan - Nearly $30 MM in Support of 34 Major Projects in the North!


PORT-CARTIER, QC, April 14, 2023 /CNW/ - The Minister of Natural Resources and Forestry and Minister responsible for the Société du Plan Nord (SPN), Mrs. Maïté Blanchette Vézina, has announced an investment of $28.8 million to support 34 projects from every region of Northern Quebec, as part of the Northern Action Plan Opportunity Budget. Projects selected in these regions represent total investments of over $120 million in energy, environment, labour and training, economic activity, local and community services, telecommunications and transportation, among other sectors.

Minister Blanchette Vézina announced today in Port-Cartier, alongside the Minister of Employment and Minister responsible for the Côte-Nord region, Kateri Champagne Jourdain. Nineteen projects have been selected in the Côte-Nord region, which will receive over $12.3 million in investments. Among the other announced projects, 4 will be completed in the Saguenay-Lac-Saint-Jean region and 11 in the Nord-du-Québec region.

The Société du Plan Nord has created the 2020 Opportunity Budget as part of the Northern Action Plan (NAP). This new financial mechanism aims to support major projects that meet northern communities' priorities that arise during implementation. These projects are consistent with one of the NAP's orientations, i.e. optimized access to the northern territory, a robust, diversified economic fabric, an attractive, dynamic living environment, and a northern environment to be preserved.

The Opportunity Budget call for projects was launched in April 2021 and closed on May 27th, 2022.

Quotes:

« The SPN-managed Opportunity Budget will certainly make a difference in many communities north of the 49th parallel. This financial tool has enabled 43 large-scale projects to move forward as part of our government's Northern Action Plan. This investment of 36.3 million dollars represents 157 million dollars in economic returns on the northern territory. It is excellent news for northern regions and Québec as a whole. »

Maïté Blanchette Vézina, Minister of Natural Resources and Forests and Minister Responsible for the Société du Plan Nord

« Today's announcement of over $12.3 million for projects in Côte-Nord demonstrates the dynamism of this region's organizations and entrepreneurs. I want to congratulate them because communities throughout our beautiful region will benefit from this significant governmental support. I can't wait to see these promising projects come to fruition in our region! It is essential to support promising initiatives as we are doing today! »

Kateri Champagne Jourdain, Minister of Employment and Minister Responsible for the Côte-Nord Region

« The Opportunity Budget coordinated by the Société du Plan Nord has enabled 24 projects to come to life through this program on the Côte-Nord since its launch. It opened the way to investments totalling $15.1 million in our region since 2021! It has a tremendous impact, and I am eager to see how these projects progress. Congratulations to the promoters! »

Yves Montigny, Member of the National Assembly for René-Lévesque

« Today, we are thrilled to announce $28.8 million in financial aid for projects north of the 49th parallel through the Opportunity Budget. The growth-generating projects that benefit from this tool meet priority needs identified by the northern communities. Their execution will certainly allow us to progress one step further in the sustainable development of Northern Quebec. » 

Patrick Beauchesne, President and CEO of the Société du Plan Nord

Highlights

Selected projects and the amount granted

Côte-Nord

Saguenay?Lac-Saint-Jean

Nord-du-Québec

Related links: 

Follow the Société du Plan Nord
Twitter
LinkedIn

SOURCE Société du Plan Nord


These press releases may also interest you

at 09:00
GLOBEX MINING ENTERPRISES INC. (GMX ? Toronto Stock Exchange, G1MN ? Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF ? OTCQX International in the US)...

at 09:00
As a service-driven leader in lift, crane and aerial inspections, Industrial Inspection & Analysis (IIA) continues its growth through the acquisition of Aerial & Crane Experts, Inc. (ACE), based in Sonora, California. ACE joins...

at 09:00
Solus Advanced Materials, a pioneer in global copper foil and battery copper foil...

at 09:00
In 2017, the world's largest phone seller first started assembling its phones in India. Since then, the company has made significant advancements and is gradually moving its manufacturing to India....

at 08:45
Eastern Platinum Limited (JSE: EPS)("Eastplats" or the "Company") is pleased to report that the temporary management cease trade order announced on April 4, 2024, has been revoked by the British Columbia Securities Commission and is no longer in...

at 08:37
Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") , a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, is pleased to report that it is expecting to generate revenues exceeding $40 million during...



News published on and distributed by: