Companies offering infrastructure-focused products and/or services may want to watch for opportunities in the province of Ontario.
As reported last month, the Government of Ontario signed a deal with four First Nations in the province’s north to build roads and infrastructure projects near the Ring of Fire region. As per Ontario Construction News:
The province is investing in the area known as Greenstone, as part of its long-term strategy to mine the area and regions north into the Ring of Fire to create a manufacturing chain for electric vehicle batteries and it sees northern Ontario’s Ring of Fire region as a prime source for the critical minerals needed.
Among other items, the Ontario-First Nations agreement includes the following:
- Building/improving highway infrastructure, including maintenance and upgrades to highways 584 and 11, and
- $1.9 million for the Indigenous Workforce Development Program, and
- $2 million to fund construction and maintenance of the Mizigi Plaza Rest Stop.
Indigenous Affairs Minister Greg Rickford called the Greenstone build-up a provincial priority, and dubbed the area the “corridor to prosperity for the benefit of isolated First Nation communities… and a real prospect of developing critical minerals in the Ring of Fire.”
More information about this development can be found on the Ontario government’s website. We recommend monitoring the provincial procurement site to watch for opportunities related to this project.
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