QUEBEC CITY, QUEBEC--(Marketwired - Dec. 19, 2016) - Canada Economic Development for Quebec Regions (CED)
When the middle class does well, everyone does well. That is why the Government of Canada is committed to making smart and necessary investments, like that of Gaz Métro in the Asbestos industrial park, which will revitalize the Canadian economy, spur long-term growth and strengthen the middle class.
Acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, the Honourable Marie-Claude Bibeau, Minister of International Development and La Francophonie and Member of Parliament for Compton-Stanstead, stated that a maximum contribution of $3,321,000 has been granted to Gaz Métro for the project to serve natural gas in the Asbestos industrial park, and for the construction of a 7.4 km pipeline extension. The funds granted will enable 28 businesses currently located in the area to convert to natural gas and potentially attract new businesses.
Since 2013, economic stakeholders in the region have considered this to be a major project for the success of their economic diversification strategy.
The non-repayable contribution was granted under the Canadian Initiative for the Economic Diversification of Communities Reliant on Chrysotile. More specifically, the funding was earmarked for preparatory work (plans, surveying, soil tests, environmental audits, etc.) and the construction of the gas mainline and the branch pipelines needed to serve the businesses.
"I am very pleased to be here to inaugurate this promising project for the Asbestos community. In addition to fostering new investment in the region, the gas pipeline system in the Asbestos industrial park is expected to generate many jobs that will definitely benefit the middle class."
The Honourable Marie-Claude Bibeau, Minister of International Development and La Francophonie
"Economic development is a Government of Canada priority. By supporting access to natural gas for businesses in the Asbestos industrial park, our government is giving strong and tangible momentum to entrepreneurship."
The Honourable Navdeep Bains, Minister responsible for CED
CED is one of the six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
For more information on the Canadian Initiative for the Economic Diversification of Communities Reliant on Chrysotile: http://dec-ced.gc.ca/eng/funding/initiative/chrysotile/index.html
Gaz Métro: https://www.gazmetro.com/en/
Follow CED on Twitter @CanEconDev.