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

  • Trail blazing for the Gordie Howe Bridge
    February 23, 2024
    Gordie Howe International Bridge between Canada and the US will become the first international bridge to link national trail systems across the border.
    Read More
  • Australia bites the bullet on roads reform
    August 2, 2012
    Predictions of impending doom for Australia's roads infrastructure have given the nation's governments and roads stakeholders the fright they needed to collaborate on roads policy. If the latest initiatives Australia is putting in place do produce the full extent of the roads reform required, there will be some lessons there for the whole world Whether through pride or stubbornness, or a combination of both, each state and territory of Australia has always liked to do things its own way. To some extent and
    Read More
  • Delcan wins IRF Global Road Achievement Award for fourth year in a row
    November 15, 2013
    Delcan, the Canadian multi-disciplinary engineering, planning, management and technology firm, has won the Global Road Achievement Award (GRAA) for Quality Management from the International Road Federation (IRF) for the fourth year in a row. The award, which is shared with the Ontario Ministry of Transportation and the 407ETR Concession Company, recognises Delcan’s significant contribution to meeting quality standards. As the largest highway concession project in Canada, Highway 407ETR in Toronto, Ontari
    Read More
  • Alberta funds more upgrades near Edmonton
    April 12, 2021
    The Canadian province will move ahead with work on Highway 15 and 19.
    Read More

Highlighted Content