June 30, 2009
G8 summit brings investment to Ontario's near North
Tony Clement, minister of industry and MP for Parry Sound-Muskoka, kicked off the one-year countdown to the start of the G8 Summit and announced four new projects under the G8 Infrastructure Fund.
“In one year, our region will be host to the world’s leaders, delegates, invited nations and the media,” Clement said. “The projects I am announcing ...will ensure that Parry Sound-Muskoka is seen at its best.”
Ottawa announced that more than $1.25 million from the G8 Infrastructure Fund will support projects in Burk’s Falls, Kearney, Lake of Bays and Perry. To allow sufficient time to complete construction projects before the summit, the G8 Fund application intake is now closed. Projects submitted before the closing date are still in the process of being reviewed.
In addition to these new projects, the Ottawa has committed more than $20 million in funding for the G8 Centre in Huntsville, including an addition that will serve as a research facility for the University of Waterloo once the summit has concluded.
The $50-million G8 Legacy Infrastructure Fund was founded in February 2009 and is dedicated to projects that will create a lasting legacy for the Parry Sound-Muskoka area. This strategy of prudent short-term stimulus for longer term benefit corresponds with Canada’s Economic Action Plan to strengthen Northern Ontario communities.
The federal government says the 2010 G8 Summit will generate significant economic benefits for the region and the province.
DCN News Services
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