HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: Budget is ring free

http://www.infrastructure.gc.ca/plan/nrp-pnr-prog-eng.html

New Building Canada Fund – Provincial-Territorial Infrastructure Component – National and Regional Projects (PTIC-NRP)

The New Building Canada Fund – Provincial-Territorial Infrastructure Component – National and Regional Projects provides funding to support infrastructure projects of national and regional significance that contribute to economic growth, a clean environment and stronger communities. The PTIC-NRP is an allocation-based program that recognizes and supports the important role that provinces, territories, and municipalities play in helping to build Canada's public infrastructure. Projects will allow people and goods to move more freely, increase the potential for innovation and economic development, and help to improve the environment and support stronger, safer communities.

The PTIC-NRP started in 2014-2015 and is schedule to end in 2023-2024.

http://www.infrastructure.gc.ca/plan/nrp-pnr-prog-eng.html

2014 New Building Canada Fund: 
Provincial-Territorial Infrastructure Component 
National and Regional Projects

What is it?

The $10-billion Provincial-Territorial Infrastructure Component (PTIC) provides funding to support infrastructure projects of national, regional and local significance that contribute to objectives related to economic growth, a clean environment and stronger communities. To support a wide range of infrastructure needs, the PTIC is divided into two sub-components:

  • National and Regional Projects (PTIC–NRP): includes $9 billion for projects that are nationally and regionally significant, and are predominantly medium- and large scale in nature; and
  • Small Communities Fund (PTIC—SCF): $1 billion for projects in communities with fewer than 100,000 residents through the Small Communities Fund (PTIC—SCF). The PTIC—SCF ensures that small communities can benefit from significant funding supporting economic prosperity.

Why is it important?

The PTIC is an allocation-based program that recognizes and supports the important role that provinces, territories, and municipalities play in helping to build Canada's public infrastructure. Through the $9-billion PTIC-NRP, the Government of Canada will support medium to large scale infrastructure projects across 19 categories of investment that will encourage job creation, and economic growth. These infrastructure investments will allow people and goods to move more freely, increase the potential for innovation and economic development, improve the environment and support stronger, safer communities.

How does it work?

Over the duration of the 10-year 2014 New Building Canada Fund, each province and territory will receive a base amount of $250 million plus a per capita allocation based on the Statistics Canada Final 2011 Census. Provinces and territories are required to prioritize projects for all outstanding NBCF-PTIC funding allocations by April 1, 2018. Eligible projects will be for the construction, renewal, rehabilitation or material enhancement of infrastructure for public use or benefit and must fall under one of the following categories:

  • Highways and roads 
  • Public transit infrastructure
  • Disaster mitigation infrastructure
  • Connectivity and broadband
  • Innovation
  • Wastewater
  • Green energy
  • Drinking water
  • Solid waste management
  • Brownfield redevelopment
  • Local and regional airports
  • Short-line rail infrastructure
  • Short-sea shipping
  • Northern infrastructure (applies to Yukon, Nunavut and Northwest Territories only)
  • Passenger ferries services infrastructure
  • Culture
  • Recreation
  • Tourism
  • Civic assets and municipal buildings

Comment: The areas of interest above that I have placed in bold can all be connected in one form or another to the funding promises that have already been given to the First Nations of Ontario (Matawa in particular), or to those slated to be given over the upcoming years.  I added the brownfield redevelopement just because it pertains to Noront.  The  2014 New Building Canada Fund has its own budget,  probably like many the general public are unaware even exist.  Funds which are outside of any provincial budget discussions.  We have talked about this Building Canada Fund before thanks to Babjak1, so it is  not new to the forum, but in many ways this fund, as well as others, I feel are being drawn upon, or will be drawn upon, with the Ring of Fire in mind.  Maybe this could justify why these annual budgets fail to address the Ring of Fire, simply because the funding is already there; in one form or another.

 

Eligible recipients under the PTIC–NRP are:

  1. A province or territory, or a municipal or regional government established by or under provincial or territorial statute;
  2. A band council within the meaning of section 2 of the Indian Act; or a government or authority established pursuant to a Self-Government Agreement or a Comprehensive Land Claim Agreement between Her Majesty the Queen in right of Canada and an Aboriginal people of Canada, that has been approved, given effect and declared valid by federal legislation;
  3. A public sector body that is established by or under provincial or territorial statute or by regulation or is wholly owned by a province, territory, municipal or regional government;
  4. A public or not-for-profit institution that is directly or indirectly authorized, under the terms of provincial, territorial or federal statute, or Royal Charter, to deliver post-secondary courses or programs that lead to recognized and transferable post-secondary credentials, or a public or not-for-profit Aboriginal-controlled post-secondary institution; and
  5. A private sector body, including for-profit organizations and not-for-profit organizations. In the case of for-profit organizations, they will need to be in partnership with one or more of the entities referred to above.

Federal entities, including federal Crown Corporations, are not eligible recipients.

A proposal for an on-reserve* project must demonstrate project benefits extending beyond the reserve community (this applies to the provinces, not the territories).

[*]On-reserve means on-reserve lands, or on any Crown lands or lands set aside by the Crown that are designated to become reserve lands.

Federal Cost-Sharing and Stacking

Generally speaking, projects will be federally cost-shared on a one-third basis. The maximum federal contribution for public transit projects, and, for highways and major roads and disaster mitigation projects where the asset is provincially-owned is up to 50 per cent. The maximum contribution is up to 25 per cent for projects with for-profit private sector proponents.

For projects located in the Northwest Territories, Yukon and Nunavut, the federal government will fund up to 75 per cent of total eligible costs. For projects with a for-profit private sector proponent, however, the cap would be up to 25 per cent. More information on cost-sharing and stacking.

Second Comment: At present your average Ontarian, or Canadian, could care less about the Ring of Fire; IMO.  Any allocation of annual budget funding for the Ring of Fire would receive backlash from the public, and the Liberals would be accused of mismanagement of tax dollars; once again.  If the Liberals wish to "Get It Right" they must use funding outside of the budget that can be allocated to a project such as the Ring of Fire together with private money laundered, I mean invested, through the soon to be "Infrastructure Bank of Canada".

Parting Thought: Noront is on reserve land.  So.....If a particular Matawan community, or communities, were to become Noront shareholders, or partners even, could they draw upon the Building Canada Fund on their behalf....hmmmmm.  Interesting, n'est pas.

 TM.

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