Prime Minister Mark Carney is preparing to unveil a second series of significant infrastructure projects, with a particular focus on critical mineral extraction, LNG exportation, and a transmission project, according to sources familiar with the matter. The upcoming announcement is expected to feature a total of at least six projects, which include the Sisson Mine in New Brunswick for critical minerals, the Crawford Nickel project in Ontario, and the Ksi Lisims liquefied natural gas project in British Columbia, among others.
The remaining projects are yet to be disclosed officially and are subject to potential changes before the official announcement. This initiative aligns with the government’s efforts to revamp the Canadian economy, address trade challenges, and boost productivity. The government’s first set of major projects was unveiled in September, aiming to facilitate private investment and streamline regulatory processes for various ventures.
Prime Minister Carney is scheduled to make the announcement in Prince Rupert, B.C., with indications pointing to the inclusion of the Ksi Lisims natural gas liquefaction project on the list. The project, with a planned LNG capacity of up to 12 million tonnes yearly, received the green light from the federal government in September for advancing to the next phase of approvals and permits.
Moreover, the new projects emphasize critical minerals and electrification strategies, with projects like the Sisson Mine in New Brunswick and the Crawford Nickel project in Ontario highlighting these aspects. Natural Resources Minister Tim Hodgson is expected to reveal details about the Crawford project in Timmins, Ont., on Thursday, emphasizing its potential economic impact and job creation prospects.
Additionally, the inclusion of the Nisga’a Nation in the proposed projects list underscores the collaborative nature of these initiatives. Furthermore, the federal government’s commitment to investing in critical minerals is evidenced by the establishment of a “critical minerals sovereign fund” in the recent budget, allocating $2 billion over five years for strategic investments.
The forthcoming announcement is also set to feature an Inuit-owned clean energy project in Iqaluit, which is anticipated to receive funding support for its hydro project. The project aims to reduce the city’s reliance on diesel-generated power once operational.
Overall, Prime Minister Carney has emphasized that the Major Projects Office will maintain a dynamic project list, with ongoing updates and additions to drive economic growth and development continuously.