Provincial cabinet ministers attended a press conference today to announce $130 million in funding to increase economic activity and improve infrastructure in Labrador. Those in attendance were (left to right) Natural Resources Minister Kathy Dunderdale,
The provincial government announced today it will spend $130 million to increase economic activity and improve infrastructure in Labrador.
The money is part of the nearly $800-million package for new and on-going infrastructure projects announced in St. John's this morning for the 2009-10 fiscal year, and over $4 billion over the next several years.
"This region is facing some serious challenges as a result of the scheduled layoffs at Wabush Mines and the slowdown in production at IOC mines," Labrador Affairs Minister John Hickey said.
According to a news release, in the Labrador West region construction of the new College of the North Atlantic campus and related projects will begin this year with an investment of $9.5 million. As well, $19 million has been allocated in the 2009-10 fiscal year for the new francophone school in Happy Valley-Goose Bay and the new K-12 schools in Port Hope Simpson and L'Anse au Loup.
Significant spending in Labrador will also take place under the Municipal Capital Works program in which government will spend $3.2 million in major infrastructure initiatives including water and sewer upgrades and road paving and reconstruction.
Other notable investments in Labrador include $58 million in provincial funding, in addition to a federal investment of $26.5 million, for continued work on Phase I and Phase III of the Trans-Labrador Highway, $4.7 million for continued funding for the new health care facility in Labrador West, and $2 million for a new pre-trial detention facility in Happy Valley-Goose Bay for adult women and youth.
In addition, Nalcor Energy, through its subsidiary Newfoundland and Labrador Hydro, will allocate $3 million for the construction of an office and warehouse in Happy Valley-Goose Bay and begin a $10 million dollar construction project of two new terminal stations in Labrador City with a $300,000 investment this fiscal year.