The Nunavut government has pulled its resources out of the Grays Bay Road and Port Project, after its request for federal funding to cover three-quarters of the estimated $527-million price tag was denied by Ottawa last week. Project didn't fit scope of funding pool, minister saysNunavut's Economic Development and Transportation Minister Joe Savikataaq said the government didn't get a reason why the funding was denied, other than it didn't fit the scope of the parameters of the funding pool. Nunavut's Economic Development and Transportation Minister Joe Savikataaq said he's not sure why the funding was denied, other than the project didn't meet criteria. Project not necessarily deadWith the news of federal funding being denied, the territorial government is again stepping away from the project and leaving the Kitikmeot Inuit Association to pursue funding for it on its own. Back in 2016, the Nunavut government and Kitikmeot association signed a memorandum of understanding to partner on the project to secure funding.

Source: CBC News April 16, 2018 07:52 UTC