Says hydro project important but more talks needed
Prime Minister Stephen Harper speaks during a campaign stop in the dockyard in Halifax today. Harper will be in St. John's later today. — Photo by The Canadian Press
ST. JOHN’S — The prime minister stopped short of announcing federal support for the $6.2-billion Lower Churchill power project today as he made his first election campaign stop in Atlantic Canada.
Stephen Harper told supporters in Halifax that the benefits of developing hydroelectric power in Newfoundland and Labrador are evident and would help shift the entire region toward greener energy.
But he says more talks are needed regarding a possible federal role in the development of Muskrat Falls.
The governments of Newfoundland and Labrador, and Nova Scotia are looking for help in financing the project but Quebec has raised objections, saying any federal cash would amount to an unfair subsidy.
Discussions have focused on a federal loan guarantee to help lower borrowing costs for the project, which includes a subsea cable to Nova Scotia from Labrador.
Harper will be in St. John’s later today where he is expected to say more about possible federal involvement.