The new March deadline for the Newfoundland and Labrador’s Public Utilities Board to review the Muskrat Falls project should be the final one, says the president of the Greater Corner Brook Board of Trade.
Keith Goulding said there are many people in the local business community and construction industry awaiting the report and, ultimately, government’s decision on the hydroelectric power project in Labrador.
The president of the Board of Trade said there are potential economic spinoffs for the area — including the construction of the transmission line and the eventual ramifications of an alternative energy source.
Goulding said the Board of Trade has been in discussions with its members about the potential benefits of such a project, and people are anxiously awaiting whether it is approved.
“If the March deadline is what is needed now, fine,” he said. “But that needs to be a final deadline.
“The House hasn’t been sat in quite some time now, so we are looking forward to getting the House back in session.
“Let’s get this report out, have a debate on it, and move forward on the recommendations and the outcome of that.”
Although the president says it is important to determine how cost effective the project is, he said the decision cannot be rushed.
The review was scheduled to be completed by the end of the year, but the provincial government extended the deadline to March 31, 2012. The public utilities board needed more time to finish it.
The utilities board is reviewing whether Muskrat Falls will provide a cost-effective alternative source of power for the province. The review began in June.
The Western Star