Federal, provincial funds announced for Holyrood projects

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Two projects were announced today by the federal and provincial governments for the Town of Holyrood and the Holyrood Marina Park Corp.

The federal and provincial governments are each contributing $197,900 to a project being undertaken by the town to develop and implement a strategy to guide the areas's ocean technology sector, while the town is investing $131,800.

The town will work with the Marine Institute’s Holyrood marine base to further meet the needs of businesses that conduct marine-related testing, training, research and development in the region, and will aim to attract new businesses to the area.

Investments in the second project which will involve Phase 2 upgrades to the Holyrood marina include $170,000 from the provincial government, $102,000 from the federal government, $178,000 from the Holyrood Marina Park Corp. and $60,000 from the Town of Holyrood.

Phase I included the development of 34 additional berths. Phase 2 will include replacing Pier 2, establishing new floating docks to add four new berths, electrical service upgrades, security fencing and construction of a travel lift basin. The corporation expects total marina capacity to be about 150 vessels when the work has been completed.

The announcement of the two projects was made today by Newfoundland Senator Fabian Manning and Keith Hutchings, provincial minister of innovation, business and rural development.

 “Our government’s top priority is jobs, growth and long-term prosperity for all Canadians, which is achieved through strategic investments like these that help diversify rural regions,” said Manning. “These investments in Holyrood demonstrate our support for business and community initiatives that will help advance growth industries such as ocean technology and tourism.”

Hutchings said the province features a diversified provincial economy, with a variety of industry sectors contributing to healthy, vibrant communities. “Our government is helping to create the economic environment for business to grow and providing targeted assistance for new and diversified sectors,” the minister added.

Holyrood Mayor Gary Goobie said the ocean has always been central to the town's history. “As we embark on this new chapter in our development, our council, our staff and our Ocean Technology Advisory Board have already begun to lay the groundwork for ocean technology companies to successfully operate in our town," Goobie said.

"We have excellent working relationships with the Marine Institute, the federal and provincial governments and with the NL ocean technology sector itself. Given the Marine Institute’s growing presence and our shared vision for Holyrood, we will capitalize on this unique opportunity to diversify our regional economy,” said Goobie. “Holyrood offers the ocean technology sector an impressive array of advantages for product development, business expansion, education and research.”

George Penney, chairman of the Holyrood Marina Corp., said the upgrades will further position the Holyrood Marina as a home port that offers an array of services to local, national and international recreational boaters.

“The marina is a key way for us to generate revenue, create opportunities for local businesses, and build on our growing tourism industry,” Penney said.

Organizations: Holyrood Marina Park, Marine Institute, Town of Holyrood.Phase I Ocean Technology Advisory Board

Geographic location: Holyrood, Newfoundland

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