Industry Canada

Industry Canada

June 25, 2009 11:50 ET

Industry Canada: Countdown to G8 Summit Begins

HUNTSVILLE, ONTARIO--(Marketwire - June 25, 2009) - The Honourable Tony Clement, Minister of Industry and Member of Parliament for Parry Sound-Muskoka, kicked off the one-year countdown to the start of the G8 Summit and announced four new projects under the G8 Infrastructure Fund.

"In one year, our region will be host to the world's leaders, delegates, invited nations and the media," said Minister Clement. "The projects I am announcing today will ensure that Parry Sound-Muskoka is seen at its best."

Today, the Government of Canada announced more than $1.25 million from the G8 Infrastructure Fund that will support projects in Burk's Falls, Kearney, Lake of Bays and Perry. To allow sufficient time to complete construction projects before the Summit, the G8 Fund application intake is now closed. Projects submitted before the closing date are still in the process of being reviewed.

In addition to these new projects, the Government of Canada has committed more than $20 million in funding for the G8 Centre in Huntsville, including an addition that will serve as a research facility for the University of Waterloo once the Summit has concluded.

The $50-million G8 Legacy Infrastructure Fund was founded in February 2009 and is dedicated to projects that will create a lasting legacy for the Parry Sound-Muskoka area. This strategy of prudent short-term stimulus for longer term benefit corresponds with Canada's Economic Action Plan to strengthen Northern Ontario communities.

A backgrounder outlining all major G8 Infrastructure Fund projects will be available on the Industry Canada website later today.

The 2010 G8 Summit will generate significant economic benefits for the region and the province and will be an exceptional opportunity for Canada to shine on the world stage.

The G8 is composed 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 an opportunity for the leaders of the G8 countries to meet face to face and develop common approaches to current challenges facing the world.

Contact Information

  • Office of the Honourable Tony Clement
    Minister of Industry
    Pema Lhalungpa - Press Secretary
    Industry Canada
    Media Relations