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Message: Multi Millions To Be Spent on Road Upgrade in Horn River Basin

Multi Millions To Be Spent on Road Upgrade in Horn River Basin

posted on Mar 16, 2009 05:38AM

Well, I put in the txt. easier, that peoble can see it quick:

Sunday, March 15, 2009 10:28 AM


FORT NELSON - The Province is providing $187 million in funding over four years to upgrade the Sierra Yoyo Desan Road to access the Horn River Basin, which will create over 1,150 direct jobs.

The road provides industry and resource access to the Horn River Basin, which has attracted investment to the tune of $1.1 billion in the past year, a significant portion of the record $2.66 billion earned from oil and gas rights sales in 2008.

The Province is providing funding over four years as follows: $16 million for 2008/09, $21 million in 2009/10, $86 million in 2010/11 and $64 million in 2011/12.

The upgrades to the Sierra Yoyo Desan Road are required to deal with a significant increase in traffic volume resulting from the development of the Horn River and Cordova Embayment areas. The result will be an
upgraded and safer road that will support industry investment and enable a shift in the nature of oil and gas activity in the region, from conventional to shale gas development.

Following this $187-million provincial investment, road maintenance for the Sierra Yoyo Desan road will continue under the current successful P3 partnership agreement.



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