Ontario government call for matching federal funds for ‘Ring of Fire’ roads

The governing Liberals in Ontario, Canada say they are willing to commit US$907 million (CAD 1billion) to develop a transport corridor including roads to the ‘Ring of Fire’, believed to hold one of the biggest chromite deposits globally, if the funds are matched by the federal Conservatives. They have asked Prime Minister Stephen Harper to pay for 50% of the $2.03 billion (CAD 2.25 billion) estimated cost of developing project-linked roads and industrial infrastructure.
April 30, 2014 Read time: 1 min
The governing Liberals in Ontario, Canada say they are willing to commit US$907 million (CAD 1billion) to develop a transport corridor including roads to the ‘Ring of Fire’, believed to hold one of the biggest chromite deposits globally, if the funds are matched by the federal Conservatives. They have asked Prime Minister Stephen Harper to pay for 50% of the $2.03 billion (CAD 2.25 billion) estimated cost of developing project-linked roads and industrial infrastructure.

The Ontario Chamber of Commerce has estimated that new economic activity totalling $8.52 billion (CAD 9.4 billion) could be generated by the transport corridor project in the next 10 years and support 5,500 jobs annually.

Moreover, the project would provide nearly $1.81 billion (CAD 2 billion) in revenue to the federal, Ontario and municipal governments during that period, as well as $6.07 billion (CAD 6.7 billion) over 32 years.
Road Structures

Related Content

  • The drive for US road funding: will corporate America get a seat?
    September 13, 2017
    Trumponomics aims to use public money for pump-priming an even greater amount of cash from the private sector to improve America’s crumbling roads. But is political will matching corporate America’s enthusiasm for more private investment, asks David Arminas If there were ever a test case for comparing public-private partnerships and design-build contracts, the recently completed Ohio River Bridges Project is it (see previous article).
    Read More
  • ARTBA warns of shortfall in funding for US highways
    February 14, 2014
    According to the American Road & Transportation Builders Association (ARTBA), fixing the Highway Trust Fund (HTF) without generating any new revenue will be highly challenging. ARTBA president Pete Ruane told a Senate panel that such a move would require the equivalent of the US Congress passing and the president signing a 2013-level Murray-Ryan budget deal every year. And this would be sufficient just to maintain current highway and transit programme investment levels. According to a new Congressional Bud
    Read More
  • Importance of continued transportation investment
    February 27, 2012
    The US infrastructure network requires urgent attention - * T Peter Ruane. America's transportation infrastructure was once the "shining light on top of the hill." Major investments in a national highway, bridge, transit, airport, port and waterway system during the 20th century paid great dividends. The free and efficient flow of goods and people across the 50 states led to unparalleled economic expansion. The mobility and prosperity resulting from an interconnected infrastructure was a model for the world
    Read More
  • Importance of continued transportation investment
    May 2, 2012
    The US infrastructure network requires urgent attention - * T Peter Ruane. America's transportation infrastructure was once the "shining light on top of the hill." Major investments in a national highway, bridge, transit, airport, port and waterway system during the 20th century paid great dividends. The free and efficient flow of goods and people across the 50 states led to unparalleled economic expansion. The mobility and prosperity resulting from an interconnected infrastructure was a model for the world
    Read More

Highlighted Content