"An important catalyst for economic growth in the Acadian Peninsula"

Here is an excerpt from a Miramichi Leader. A government official is talking about an ‘investment’ in the region:

“As a result of ….., we are now able to move forward with the pre-construction activities……,” Landry said. “This significant project is valued at more than $200 million, and will be an important catalyst for economic growth in the Acadian Peninsula.”

Guess what the ‘important catalyst for economic growth’ is. New auto manufacturing plant? No. New massive energy project? No. Five jobs at the local fish plant? No.

It’s another highway project.

I wonder out loud if the Peninsulers would prefer that money spent to try and generate some economic development in the region. I have always been fascinated at how we can find hundreds of millions for highways even as the population goes down.

Don’t get me wrong. Highways are important but if you were to rank what the Acadian Peninsula needs right now I am not sure I would put $200 million into highways.

This entry was posted in Uncategorized. Bookmark the permalink.

0 Responses to "An important catalyst for economic growth in the Acadian Peninsula"

  1. Anonymous says:

    The best went west?
    Even being favored and lots of grants?

    SAINT JOHN – Atomic Energy of Canada Ltd. will go to court today to force Precision Nuclear Inc. of Mactaquac into receivership.

    AECL is worried delays allegedly caused by the company could delay the Point Lepreau refurbishment.

    According to an affidavit filed in the Court of Queen’s Bench in Saint John by Robert DeGregorio, supply chain director for the AECL, “a delay by PNI (Precision Nuclear Inc.) in the completion of its Point Lepreau obligations would result in a domino effect and cause delays in other phases of a very large and complex project.”

    AECL claims it has advanced Precision Nuclear 115 per cent of the Lepreau contract price – $10.6 million – while the company has only delivered 40 per cent of the final product.

    The document states that Precision Nuclear “is currently facing a real and immediate financial crisis which threatens its very existence,” and “AECL can no longer fund PNI’s operations while watching the company’s future spiral out of control.”

    Acadians growing .lol

  2. Anonymous says:

    Office of the Premier / Business New Brunswick
    Province provides support for Precision Nuclear Inc. (06/11/18)
    NB 1426

    Nov. 18, 2006

    MACTAQUAC (CNB) – Precision Nuclear Inc., a manufacturing facility based in Mactaquac, will receive support from the Province of New Brunswick as it undertakes a contract for work on the refurbishment of the Point Lepreau Generating Station.

    (Multimedia)

    Premier Shawn Graham announced today that the company will receive $950,000 in loan guarantees to assist in the costs related to the new project, and $277,500 in a forgivable loan for job creation.

    Precision Nuclear Inc. has secured a contract with Atomic Energy Canada Ltd. (AECL) worth about $10 million to produce components for use in the refurbishment of Point Lepreau. The company recently earned its Class 1 nuclear certification, making it one of only a few manufacturing facilities in Canada to become a qualified supplier of these products for AECL.

    “Our government is extremely proud to support a company that has earned the confidence of AECL, and that will participate in such an important project for the Province of New Brunswick,” Graham said. “We are committed to making New Brunswick an energy hub, and today’s announcement demonstrates that we have what it takes to be a national and international leader in generation technology.”

    06/11/18

    NB a bilingual parking lot.