Saturday, May 30th17.8°C
26493
25546

Quebec government gives green light to Gaspe cement plant announced by PQ

QUEBEC - A plan to build a cement plant in Quebec's Gaspe region will proceed after all.

The new Liberal government has given its approval to the project, which will have a total investment of $450 million.

The project was first announced by the previous Parti Quebecois government.

Investissement Quebec, the government's investment arm, will kick in a loan of $250 million and an additional $100 million in funding.

The province's pension-fund manager, the Caisse de depot et placement, will also have a $100-million stake.

The project is expected to create 200 direct jobs by 2016.

Jacques Daoust, minister of economy and innovation, says the expected benefits and the project's solid business plan satisfied the government enough to allow the project to proceed.

The Canadian Press


Read more Business News

26416


Recent Trending




Today's Market
S&P TSX15014.09-92.89
S&P CDNX692.45+0.29
DJIA18010.68-115.44
Nasdaq5070.03-27.95
S&P 5002107.39-13.40
CDN Dollar0.8029-0.0017
Gold1204.30+1.50
Oil60.86+2.49
Lumber273.40+0.90
Natural Gas2.83+0.01

 
Okanagan Companies
Pacific Safety0.14+0.01
Knighthawk0.010.00
QHR Technologies Inc1.46-0.02
Cantex0.03+0.00
Anavex Life Sciences0.40+0.00
Metalex Ventures0.07-0.01
Russel Metals25.07-0.13
Copper Mountain Mining1.27-0.03
Colorado Resources0.10+0.00
ReliaBrand Inc0.022+0.009
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.16+0.01
Decisive Dividend Corporation2.28+0.18

 



24910

FEATURED Property
23133091190 Stoneypointe Court
10099220 bedrooms
$649,900
more details
image2image2
Click here to feature your property
Please wait... loading


Yard sale pricing

Photo: Thinkstock.comI have deliberately abridged this household tips article to illustrate pricing strategies. "Tips For Pricing Yard Sale Items” was written by Lynnette Walczak, and publi...


What's a robo-advisor?

Photo: ContributedIt can only be attributable to human error. -Hal, 2001: A Space Odyssey For most of us who are within thinking distance of retirement, the term “robo” conjures up image...


Cash stressed seniors

Photo: Thinkstock.comFor many Canadian homeowners, their house represents the biggest portion of their net worth. Now, increasing numbers of seniors are starting to recognize the hidden value of their...

_



25482

25482


Member of BC Press Council


24222