Earlier today, the Ontario government announced that it is prepared to commit up to $1 billion to develop “all-season industrial and community transportation infrastructure in the Ring of Fire.”
We welcome the announcement as a significant step toward building the necessary infrastructure that will allow for the development of the Ring of Fire.
A recent OCC economic analysis shows that within the first 10 years of its development, the Ring of Fire will generate up to $9.4 billion in Gross Domestic Product and sustain up to 5,500 jobs annually.
We are renewing our call for the federal government to match all provincial infrastructure spending in the Ring of Fire.
For more, read Beneath the Surface: Uncovering the Economic Potential of Ontario’s Ring of Fire.
Questions or comments? Contact Josh Hjartarson, VP of Policy & Government Relations.
