The federal government is committing $21.5 million to the Kitikmeot Inuit Association’s slimmed-down request to get the Grays Bay Road and Port project “shovel ready” over the next couple of years.
The funding announcement for the initiative, which is expected to make Nunavut mining projects more economical and potentially reduce cost for community resupply, came Tuesday in Iqaluit. Federal Minister of Transport Marc Garneau was on hand for the occasion.
Nunavut Tunngavik Inc. (NTI) had already announced that it would give $7.25 million to the initiative. “We are very happy with the outcome… we feel good about where we are,” said Scott Northey, CEO of Nunavut Resources Corporation in regards to the financing from the federal government and NTI. Continue Reading →