Government of Nunavut pulls out of project that would connect proposed deep-water port to diamond mines
The Nunavut government has pulled its resources out of the Grays Bay Road and Port Project, after its request for federal funding to cover three-quarters of the estimated $527-million price tag was denied by Ottawa last week.
The proposed project is a 227-kilometre all-season road to connect a proposed deep-water port at Grays Bay — on the Northwest Passage between Bathurst Inlet and Kugluktuk — to the winter road that services the N.W.T.’s diamond mines. It’s one of Nunavut and Northwest Territories’ richest areas in minerals.
The project has the potential to create 2,250 full-time equivalent jobs in Nunavut and contribute $665 million to the territory’s mining operation revenues, according to a January 2018 economic assessment report. Continue Reading →