Canada Infrastructure Bank in talks to finance northern hydroelectric project, source says, as Ottawa drops budget hint - News Summed Up

Canada Infrastructure Bank in talks to finance northern hydroelectric project, source says, as Ottawa drops budget hint


OTTAWA — The Canada Infrastructure Bank has been in talks with the proponents of a $1.2-billion hydroelectric transmission line that would supply emissions-free power to a handful of communities and two major mines in Nunavut, according to a person familiar with the discussions. The government alluded to the potential investment — for which details still need to be arranged — in its annual budget on Tuesday. The Kivalliq association has called the project a critical “electric backbone” for the local economy, while local government officials are firmly in support of the transmission line. The Kivalliq Inuit Association has been lobbying Ottawa on the project for some time. “For us it would be first time that southern Canada is actually connected to northern Canada.”• Email: jsnyder@postmedia.com | Twitter: jesse_snyder


Source: National Post March 22, 2019 11:26 UTC



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