Industry Canada

Industry Canada

April 14, 2009 14:55 ET

Canada Makes Important Investments in Muskoka in Preparation for the 2010 G8 Summit

OTTAWA, ONTARIO--(Marketwire - April 14, 2009) - The District Municipality of Muskoka, Ontario, will host the 2010 G8 Summit next summer. Today, the Honourable Tony Clement, Minister of Industry, announced that the Government of Canada will support several projects across Muskoka in preparation for the G8 Summit.

"When the Prime Minister and I announced that Muskoka will host the G8 Summit in 2010, we committed to the region that we will make sure that it is poised to capitalize on the incredible economic benefits associated with the event," said Minister Clement. "The announcements today live up to that commitment. I know the local community will benefit from these worthwhile and necessary projects for generations to come."

The upcoming 2010 G8 Summit will provide short- and long-term economic benefits for the region and the province and will be an exceptional opportunity for Muskoka to showcase its values and interests on the world stage.

The projects announced today are:

1. $150 000-worth of new gateway signage for the Town of Bracebridge;

2. $40 000 to upgrade the Bracebridge Sportsplex emergency power backup systems;

3 $250 000 toward new tourism signage for the Township of Muskoka Lakes; and

4. $400 000 to upgrade Bala Falls Road, Bracebridge.

The Government of Canada will support these projects by way of the $50-million
G8 Infrastructure Fund announced on February 6, 2009. Other projects supported by this initiative include the creation of a G8 Centre in Huntsville, Ontario, and upgrades to the North Bay Airport facility. Further initiatives will be announced at a later date.

The G8 is an informal group of eight of the world's leading economic powers: Canada, France, Germany, Italy, Japan, Russia, the United Kingdom and the United States. The annual summit is a chance for the leaders of the G8 countries to meet face to face and develop common approaches to the urgent challenges facing the world.

Contact Information

  • Office of the Honourable Tony Clement
    Minister of Industry
    Laryssa Waler - Acting Press Secretary
    Industry Canada
    Media Relations