Quebec to Re-Launch Plan Nord

Economy
14/04/2015 11:00

Quebec's government has reaffirmed its commitment to the stalled Northern Plan, le "Plan Nord". The re-launch of the heralded project to develop Quebec's vast northern territory has been scaled back by C$30 bn. to C$50 bn. in public-private funding, but is still a key component in the government's strategy to stimulate the economy. The Plan's objectives are to responsibly develop the economic potential of N. Quebec while supporting community development and protecting the environment. Mining is one of the six priority sectors of the Plan, and there is a tax regime in place to promote a stable and predictable environment for mining while chanelling royalties for the development of local communities.