Thompson airport investment nod to trade, economic growth
The Canada Infrastructure Bank’s first airport redevelopment investment will see $52 million to the Thompson Regional Airport Authority, recognition of the growing importance of the potential role the country’s natural resources will play in Canada’s economic growth.
“This is precisely the signal the federal government and all lending agencies and partners need to be sending to Canada’s trade partners and markets,” MHCA President & CEO Chris Lorenc said about the news.
The Infrastructure Bank announced the investment November 28.
“This project represents the CIB’s first airport redevelopment infrastructure investment, and is also expected to be a future hub for critical mineral exploration,” the release noted.
Lorenc said the announcement is particularly encouraging given the campaign advanced by leading Canadian business organizations for a Canada Trade Infrastructure Plan (CTIP), which calls for a national strategy to set criteria that prioritizes public-private investment in trade corridor projects.
The MHCA, through the Western Canada Roadbuilders & Heavy Construction Association, is working with the Canadian Chamber of Commerce, Canada West Foundation, Canadian Construction Association, Civil Infrastructure Council Corp. and Canadian Manufacturers & Exporters to press the federal government to set the groundwork for consultations toward a CTIP in its 2024 budget.
The Premiers’ Council of the Federation in July 2023 unanimously endorsed the principles of CTIP. Manitoba Premier Wab Kinew has also committed to continuing to make CTIP a national priority.
