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

  • ARTBA: Up to 9,600 jobs at risk if Pennsylvania cuts transport works
    August 1, 2013
    Cutting highway and bridge work in the US state of Pennsylvania by 25% in any given year, and then sustaining it in future years, would cost the state US$1.25 billion in lost economic activity over a five-year period and put as many as 9,600 jobs permanently at risk, according to the American Road & Transportation Builders Association’s (ARTBA) chief economist. Dr. Alison Premo Black’s assessment of the impact of the potential impact of state-wide transport works cuts was part of her testimony to the Pennsy
    Read More
  • 2023 Global Road Achievement Award Winner - Environmental Mitigation: Xingyi Ring Expressway
    March 6, 2024
    An important road link in China has won a prestigious 2023 Global Road Achievement Award
    Read More
  • Delays blight Brazil’s highway programme
    August 4, 2016
    Around 130 road projects are facing delays in Brazil, according to a data from Brazil's national land transport association ANTT. A report in the newspaper O Estado de Paulo noted that many delays are caused by problems with environmental licences and expropriations, as well as a decrease in road traffic due to the economic crisis. Among projects that were meant to have been completed are those by concession holders Rota do Oeste for the Via 040, Concebra for the Eco 101 and MSVia and Galvão for BR-15
    Read More
  • CEA’s infrastructure suggestion to UK Government
    July 22, 2014
    A letter by the Construction Equipment Association (CEA) to the UK Government highlights the need for infrastructure investment. According to the letter, the UK does not have a good track record of identifying, planning and delivering major infrastructure projects. It says that infrastructure to support growth is identified too late and a protracted decision-making process has led to policy reversals in key areas such as energy and transport. The CEA makes clear the need to end such a short-term, damaging c
    Read More

Highlighted Content