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

  • Key road link opens in San Antonio, Texas
    October 11, 2013
    A new road link in the Texan city of San Antonio will help future industrial development in the area. The new 2.7km connection provides a four-lane extension of 36th Street from Highway 90 into the centre of Port San Antonio at Billy Mitchell Boulevard. The new route will allow for the future closure of North Frank Luke Drive, a small road running parallel to the runway at Kelly Field, the port’s industrial airport. This will provide direct access to the airport from the port and the area will be suitable f
    Read More
  • Cross Fraser Partnership wins BC tunnel work
    September 27, 2024
    The partnership for the tunnel work near Vancouver in Canada consists of Pomerleau BC, Bouygues Construction Canada and Fomento de Construcciones y Contratas Canada (FCC) and is supported by design and engineering consultant Arcadis.
    Read More
  • The bidding process is opening for a major Italian highway business
    October 16, 2012
    The tender process has opened for a major highway business in Italy. The sale is for an 80.5% stake in highway operator Autostrade Milano Serravalle-Milano Tangenziali (Milano Serravalle). The deal is expected to be worth more than €1 billion in all. The packages for sale are the 52.9% held by the province of Milan through holding Asam; the 18.6% held by the municipality of Milan, and the 9% held by the municipalities of Lecco, Como and Pavia and the provinces of Como and Pavia. The basic cost of the tender
    Read More
  • Lobby harder and louder if you want better roads says UK transport politician Christopher Chope at PPRS Paris 2015
    February 24, 2015
    A huge leap in highway investment, more privately-run toll motorways and a stronger road industry lobby would all be welcomed by Christopher Chope, chairman of the UK’s highway maintenance all-party parliamentary group. Speaking exclusively to World Highways at the PPRS Paris 2015 pavement preservation and recycling summit, Chope said “yes, I would very much like to have a lot more capital investment in the roads sector. There are still too many pinch points out there … where one motorway meets another for
    Read More

Highlighted Content