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

  • Commencing on major new US highway link
    February 23, 2016
    Work is now commencing on the US Route 301 project, which will cost US$635 million and is intended to reduce congestion and benefit commerce in the Northeastern United States. “When completed, the project will link to I-95 and support the economy of not only Delaware but also one of the nation’s largest regions,” said US Transportation Secretary Anthony Foxx. “It will increase access to economic opportunity by making it easier for people to commute to jobs in the fastest growing region of the state.”
    Read More
  • Nepal plans road infrastructure expansion
    March 12, 2014
    Major road expansion is planned for Nepal, but will face huge challenges due to the country’s geography - Mike Woof reports, with local information from World Highways' Nepal correspondent, Ram Krishna Wagle The tiny, landlocked nation of Nepal lies sandwiched between two of the world’s largest countries, China and India and maintains good relations with both. Politically Nepal has strong links with China, while culturally its ties are close with India and these relationships work both ways. Despite bein
    Read More
  • Southern Ohio Veterans Memorial Highway ready for construction
    April 13, 2015
    Construction is about to start on the first public-private partnership highway project in the US state of Ohio. The Southern Ohio Veterans Memorial Highway, near the city of Portsmouth, will cost nearly US$228 million and is scheduled for completion in 2019, according to the Ohio Department of Transportation (ODOT). The Portsmouth Gateway Group will build the 25.8km, four-lane limited access highway from U.S. Route 23 north of Lucasville to U.S. Route 52 near Sciotoville. An ODOT statement said tha
    Read More
  • Salini Impregilo makes shortlist for Sydney Gateway project
    November 11, 2019
    Salini Impregilo is on the shortlist for Australia’s US$1.8 billion Sydney Gateway project to improve connections around Sydney Airport and Port Botany.
    Read More

Highlighted Content