Carney to Announce New Major Projects Including B.C. Transmission Line and Quebec Graphite Mine on Thursday Sources Say
Prime Minister Mark Carney is set to announce significant infrastructure projects, including a new hydroelectric transmission line in British Columbia and an expansion of the NM Graphite mine in Quebec. This announcement is expected to take place on Thursday in northern B.C., according to sources who requested anonymity.
Key Major Projects Announced
Carney’s announcement will officially add the North Coast Transmission Line (NCTL) in B.C. and the NM Graphite mine expansion to the federal government’s Major Projects Office list. This move aims to accelerate development in critical sectors and attract private investments in underdeveloped regions.
B.C. Transmission Line
- Cost: $6 billion
- Timeline: Construction is expected to begin in 2026
- Route: From Prince George to Terrace
The British Columbia government aims to utilize the NCTL to draw investments into critical-mineral mining ventures in the province, particularly in the northwest area.
Expansion of NM Graphite Mine
Northern Graphite Corp. is actively seeking financial support to extend the operational life of North America’s only functioning graphite mine. The announcement will highlight the vital role of graphite in future technologies and economic growth.
Additional Projects on the List
Alongside the NCTL and the graphite mine, Carney is anticipated to unveil several other key projects:
- Ksi Lisims liquefied natural gas project (B.C.)
- Crawford nickel project (Ontario)
- Sisson mine (New Brunswick)
- Hydroelectric project in Iqaluit
These initiatives are part of Carney’s broader strategy to reduce Canada’s economic dependency on the United States while navigating ongoing trade challenges.
Conclusion
The establishment of the Major Projects Office is a pivotal aspect of Carney’s vision for enhancing Canada’s infrastructure and economic resilience. The upcoming announcement not only underscores the government’s commitment to fundamental resource development but also signals potential growth in various sectors across the nation.
