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Government of Canada continues to invest in Port of Sept-Îles

Sept-Îles, Quebec, February 19, 2010 – The Honourable John Baird, Canada’s Minister of Transport and Infrastructure, today announced that the Government of Canada will contribute to a new project for the development of the Pointe Noire terminal at the Port of Sept-Îles, which will have a positive impact on the economic development of the region in the short, medium and long terms.

“With this third Infrastructure Stimulus Fund investment in the Port of Sept-Îles, our government is investing in the economic future of the region by stimulating job creation and the carrying out of projects that will have a positive impact on the mining industry on the North Shore and in Northern Quebec and Labrador,” said Minister Baird. “As we enter the second phase of Canada’s Economic Action Plan, our priority will be to continue the rapid implementation of projects such as this. At the same time, we are looking toward the future so as to be ready to face upcoming challenges, which include restoring a balanced budget once our economy is completely recovered, and building a solid foundation for our future economy.”

The funding will be used to develop the Pointe Noire Terminal at the Port of Sept-Îles. The project includes work on the land owned by the Port near the eastern part of Pier 31 of Pointe Noire, as well as marine work on a 60-metre extension to the east of the pier.

“This financial assistance will have a major multiplying effect for all players,” said Pierre D. Gagnon, President and CEO of the Port of Sept-Îles. “In addition to generating private investment of a comparable amount, the project will enable tripling the volume of activity at the Pointe Noire Terminal, at a time when our iron mining industry is experiencing substantial growth.”

The federal government will provide up to $5 million for the project from the Infrastructure Stimulus Fund. The Port Authority of Sept-Îles will cover the remaining costs of the project, which is estimated to be worth a total of $10 million.

Today's announcement is in addition to two other Infrastructure Stimulus Fund announcements that were made this past July and September. At these two announcements, the Government of Canada noted that it would invest up to $19.5 million to improve the operations of the Port of Sept-Îles with its optimization projects at Pier 30 and La Relance Terminal.

The $4-billion Infrastructure Stimulus Fund, announced in the Government of Canada’s Economic Action Plan, targets projects that can be completed by March 31, 2011.

The Port of Sept-Îles is a major economic player for the region and, on a larger scale, in the context of North American and international trade. The federal contribution to this project targets short-term local economic recovery, while recognizing its major potential in terms of sustainable support for economic activity.

For further information on the Government of Canada's Economic Action Plan, visit This link will lead you outside the Building Canada website. www.actionplan.gc.ca.

For further information on infrastructure investment, consult www.creatingjobs.gc.ca.

For further information, please contact:

Jacques Fauteux
Office of Canada’s Minister of Transport
and Infrastructure
613-991-0700

Infrastructure Canada
613-948-1148






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