The Yukon Government is committing and additional $112 million to the project
TDS News – Today, Larry Bagnell, Member of Parliament for the Yukon, confirmed major funding for the Yukon Resource Gateway Project by the Government of Canada.
The Yukon Resource Gateway Project will provide much needed upgrades to existing transportation infrastructure in two key areas of high mineral potential and active mining. These areas include the Dawson Range and Nahanni Range and includes the upgrade of over 650 kilometres of local road systems and infrastructure providing access to significant areas of mineralization. With these improvements, Canadians and local businesses will be able to benefit from the economic potential of Yukon’s natural resources.
“Today’s announcement is very exciting for the people of the Yukon. Investments in transportation infrastructure across the territory is vital to ensuring long-term economic development and growth. The Yukon Resource Gateway Project will support major natural resource development and export opportunities, and help create jobs.” The Larry Bagnell, Member of Parliament of the Yukon
The Government of Canada is investing over $247 million towards the Yukon Resource Gateway Project through the National Infrastructure Component of the New Building Canada Fund, and the Government of Yukon is investing over $112 million.
The funding for the Yukon Resource Gateway Project is being made available through the New Building Canada Fund – National Infrastructure Component. This is apart of the governments $4-billion National Infrastructure Component (NIC) that supports projects of national significance.