OTTAWA, Nov. 14 (DNA):Canadian Prime Minister Mark Carney on Thursday announced the second tranche of projects aimed at strengthening the economy as part of broader national strategies to boost the country’s competitiveness.
The projects, focusing on unlocking Canada’s vast natural resources, strengthening energy security and expanding critical infrastructure, will represent more than 56 billion Canadian dollars (40 billion U.S. dollars) in new investment and support 68,000 careers, according to a news release on the prime minister’s official website.
“Faced with uncertainty, Canada’s new government is making bold choices to grow our economy stronger than ever before with major investments, faster approvals, and a clear signal to workers and industry,” said Carney in the release. “We’re taking control of our future and building Canada strong.”
Carney announced in August the launch of the new Major Projects Office to speed up major nation-building projects by streamlining regulatory approvals and assisting with financing.
Carney revealed in September the first five projects under consideration for fast-track approval through the office. These projects, including energy, mining and port expansion, represent more than 60 billion Canadian dollars (43 billion dollars) in investment.
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