money already earmarked for ROF
posted on
Jul 06, 2015 10:21AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
"About $3.5 billion of the dollars intended for projects outside the GTHA has already been earmarked for items like connecting link funding, the Ring of Fire, creating natural gas lines and highway investments."
http://www.nugget.ca/2015/07/05/northern-mayors-lobby-for-infrastructure-funds
By GORD YOUNG, The Nugget
Sunday, July 5, 2015 12:28:54 EDT PM
Mayor Al McDonald said the Northern Ontario Large Urban Mayors group – consisting of North Bay, Sudbury, Timmins, Sault Ste. Marie and Thunder Bay – have agreed to lobby the province during upcoming infrastructure consultations for a share of the provincial funding.
The province is holding consultations across Ontario this summer to help determine how to allocate $11.5 billion of a $15-billion investment outside the Greater Toronto and Hamilton areas as part of a long-term infrastructure plan.
And McDonald said the mayors' group will ask that a portion of the funding be earmarked for municipal infrastructure needs, specifically large critical projects and those that will help boost economic development.
“We know that the province will have its own priorities,” he said, acknowledging dollars will also likely be directed toward provincial responsibilities such as highways, bridges, hospitals and schools.
But McDonald noted that a number of projects within the city's 10-year capital plan have been deferred in recent years. And he said funding for one or two larger projects in North Bay would go a long way in addressing the city's needs.
McDonald said infrastructure and the upcoming consultations were the focus of a lengthy meeting of the large urban mayor's group last week in Thunder Bay.
North Bay was not included in the list of communities where the province plans to hold round-table discussions about how to allocate the $11.5 billion in funding. But McDonald said he will be attending a consultation in Sudbury July 15.
Meetings are also being held later this month in other Northern communities including Timmins, Sault Ste. Marie, Kenora and Thunder Bay.
The funding is part of $130 billion the government has pledged for public infrastructure over 10 years. That includes about $16 billion for transit projects in the Greater Toronto and Hamilton Area – including an expected $4 billion from the sale of Hydro One – and $15 billion for transportation and other priority infrastructure projects outside the GTHA.
About $3.5 billion of the dollars intended for projects outside the GTHA has already been earmarked for items like connecting link funding, the Ring of Fire, creating natural gas lines and highway investments.
McDonald said the mayors' group is will also push for the province to look North for growth opportunities, particularly in light of the plan to spend billions on transit in the GTHA to help alleviate gridlock.
gord.young@sunmedia.ca