The Ontario Liberals will wait to see how much money the private sector is willing to invest in infrastructure to develop the Ring of Fire chromite deposits before it puts government money into the area, says the premier.
The province will definitely have to help build infrastructure, such as roads, to bring the project online, but it wants to maximize its opportunities before it does, says Dalton McGuinty.
Any public investment would have to be shown to benefit Ontarians — and especially Northern Ontarians — and that includes businesses and First Nations.
“We’ve got an opportunity to do this in a way that’s never been done before, so we’re excited about that,” McGuinty told reporters at Laurentian University’s J.N. Desmarais Library on Saturday. “But, yes, at some point in time, it will call for an investment in infrastructure.”
He visited Laurentian to address the annual Summer Fling policy conference of Ontario Young Liberals, where he announced an initiative to help new graduates who work in the not-for-profit sector. Continue Reading →