Infrastructure Bank to advise on proposed $1.6-billion Manitoba-Nunavut hydro link – by Bill Curry (Globe and Mail – February 5, 2020)

https://www.theglobeandmail.com/

The Canada Infrastructure Bank will advise proponents of a plan to bring hydroelectricity and broadband internet from northern Manitoba to several communities in Nunavut.

Known as the Kivalliq Hydro-Fibre Link project, it would lead to the construction of a 1,200-kilometre, 150-megawatt transmission line joining Gillam, Man., to four Nunavut communities on the northwestern shore of Hudson Bay, as well as inland to Baker Lake. The project would also include a fibre-optic link, bringing broadband internet to the region.

Proponents say the project would bring environmental benefits by replacing diesel power, while also supporting Agnico Eagle Mines Ltd.’s gold mining activity in the region.

Infrastructure Bank chief executive Pierre Lavallée announced on Wednesday that the bank has signed a memorandum of understanding to provide an advisory role for the proponents.

The proponents include the Kivalliq Inuit Association and its business arm, Sakku Investments Corp., as well as Anbaric Development Partners, which includes Ontario Teachers’ Pension Plan.

For the rest of this article: https://www.theglobeandmail.com/politics/article-infrastructure-bank-to-advise-on-proposed-16-billion-manitoba/

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