Tuesday, May 10, 2011

Quebec invests in the Far North

The Quebec Premier Jean Charest, announced Monday, May 9 a colossal investment of 80 billion Canadian dollars (58 billion euros) in 25 years for infrastructure development of the Far North province. This program of development of Northern Québec covers an area of 1.2 million square kilometers which accounts for 72% of the territory of the province, which inhabits only 1.6% of Quebec's population, including indigenous communities.

It is the whole area between the 49th parallel and south of Hudson Strait in the north, and between the Lower North Shore to the east and the northern part of the Abitibi-Témiscamingue west . "An average of 20,000 jobs per year will be maintained or created" under the "Northern Plan", said Mr.

Charest, who spoke at Levis, near Quebec. He did not specify how high the state and private funds contribute to this investment. "This activity will lead to state tax revenues of 14 billion. And the Plan contribution to gross domestic product north of Quebec is estimated at 162 billion dollars over 25 years," he told the head of provincial government.

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