Ontario Government funding Strengthens Transportation Infrastructure In Sudbury
McGuinty Government Investing In The Local Economy
SUDBURY - The McGuinty government is helping to improve transportation infrastructure in Sudbury by supporting a local company's efforts to build a comprehensive transloading and storage facility, Northern Development and Mines Minister Rick Bartolucci announced today.
"Transportation infrastructure is important to the continued expansion of commerce in the Sudbury region," said Bartolucci. "I am delighted that our government is assisting an enterprise that will significantly enhance the community's stature as a regional transportation hub."
The province is providing a total of $1,735,788 from both the Northern Ontario Heritage Fund Corporation (NOHFC) and the Grow Bonds Business Loan Pilot Program to Sea Rail Transloading Inc. to support the completion of a Sudbury facility that would allow for the easy transfer and storage of freight from one mode of transportation - road, rail, air or water - to another.
With the construction of cold and bulk storage capability, rail line and yard extension and other improvements, the company will be in a position to handle rising volumes of multi-modal traffic. Along with creating 10 full time jobs, and a future potential for up to 70 jobs, the facility will bring new economies and efficiencies to the movement of products in the North.
"We are committed to building prosperity in Northern Ontario," said Bartolucci, who also chairs the NOHFC. "The McGuinty government's investments in the northern private sector are important components of our government's plan to promote economic development in northern communities by supporting new and established businesses and creating new jobs."
This is just one more example of how, working together, Ontarians have achieved results in support of local economic development. Other examples include:
• Providing $450,000 to the Sudbury Airport Community Development Corporation to expand its general aviation and commercial apron area
• Providing more than $85,000 to install a fully functional High Field Nuclear Magnetic Resonance Laboratory at Laurentian University's Department of Chemistry and Biochemistry
• Investing an unprecedented $468 million in the Northern Highways Program keeping the government on track to meet its commitment to complete four-laning Highway 69 in 2017.
This is part of the government's Northern Prosperity Plan for building stronger northern communities. The plan has four pillars: Strengthening the North and its Communities; Listening to and Serving Northerners Better; Competing Globally; and Providing Opportunities for All.
Minister's Office - Sudbury
MNDM/NOHFC - Sudbury