Articles tagged with "Government and Policy"

Prime Minister Mark Carney has unveiled five major national interest projects to boost the Canadian economy by removing regulatory and environmental barriers. Although no pipeline is currently included, these strategic projects feature micro-reactors in Ontario and an LNG terminal in Alberta. This pragmatic approach aims to balance economic development with climate goals, despite ongoing issues such as First Nations consultations. Alberta Premier Danielle Smith is optimistic about the prospects for expanding energy infrastructure.

Canadian construction industry leaders are enthusiastic about Prime Minister Mark Carney's announcement of the first five major projects on a fast-track government list. The news was shared in Alberta, where he revealed the initiation of Phase II of LNG Canada. While there is optimism, industry officials also emphasize the importance of prioritizing specific elements within these projects. This development is seen as a significant step for the national construction sector.

The Canada Infrastructure Bank has closed a $100 million financial deal with Cando Rail & Terminals to expand the Sturgeon Terminal in Alberta's Industrial Heartland. This expansion will double the terminal's capacity, providing additional railcar storage and staging spaces to support the transportation of goods for both domestic and global markets. The project is expected to create 50 new full-time jobs and contribute $22.3 million annually to the region's GDP. Construction has begun with operations slated to start in late 2026.

Prime Minister Mark Carney is set to announce the first significant industrial projects under Bill C-5, aimed at reducing Canada’s economic dependence on the U.S. The announcement will occur Thursday as part of discussions at a Liberal caucus retreat in Edmonton. Carney's initiative is part of a larger governmental effort to diversify Canada’s economic engagements.

Veterans’ House Canada is launching a new supportive housing project in Edmonton's Athlone neighborhood, which will provide 40 permanent homes for homeless veterans. This is the organization's second project, following a successful initiative in Ottawa, and it is backed by various government levels, private, and corporate donors. The project aims to offer affordable permanent housing coupled with necessary support services to address challenges like mental health, and community reintegration. The project signifies collective efforts in creating affordable housing solutions for veterans in need.

The federal government is investing $4.5 million through the Affordable Housing Fund to build supportive housing for homeless veterans in Edmonton. The project, located in the Athlone neighborhood, will feature 40 bachelor units with amenities like a fitness room and community garden. Veterans' House Canada, a national charity, will oversee the project, which aims to provide stable homes and tailored support services for veterans. The initiative highlights collaboration between the government and non-profit sectors to address affordable housing needs.

The federal Major Projects Office (MPO) is set to open in Calgary, a decision welcomed by construction stakeholders as a positive move. However, there's cautious optimism due to previous experiences with federal policies in Western Canada. This initiative is intended to expedite major project approvals. Despite support, there is skepticism among stakeholders about the potential effectiveness of this strategy.

An excavator being transported on a trailer once again collided with the Whitemud Drive overpass in Edmonton, causing disruptions in the busy interchange. This incident mirrors a similar event that occurred over two years ago at the same location. The occurrence underscores ongoing challenges with transporting large construction equipment without impacting infrastructure. Measures may need to be considered to prevent such incidents in the future.

R2 Capital Partners has acquired two Class A office towers in Calgary's northwest for $160 per square foot, a 59% discount from their previous market value. The buildings, constructed in 2006, have a total of 119,030 square feet and are fully leased to 14 tenants, including government agencies and multinational corporations. This acquisition is part of R2 Capital's broader strategy for Calgary, with plans for further purchases in the area. The towers are considered suburban but are located close to downtown Calgary, providing a cap rate exceeding 12%.

Prime Minister Mark Carney has inaugurated the Major Projects Office (MPO) in Calgary, aimed at fast-tracking the approval and financing of national infrastructure projects. Under the Building Canada Act, this office will focus on ports, railways, energy corridors, clean energy, and mineral developments while ensuring environmental and Indigenous considerations. A new Indigenous advisory council will contribute to equitable opportunities in these projects. Dawn Farrell has been appointed as CEO to lead the efforts aimed at diversifying Canada's economic prospects.

The Canadian government has introduced the Major Projects Office (MPO) in Calgary to expedite the development of nation-building projects by streamlining regulatory approvals and coordinating funding. Dawn Farrell will lead the MPO, which aims to identify and fast-track projects of national interest, ensuring they meet required conditions within two years. The office will collaborate with provinces, territories, and Indigenous groups, employing a 'one project, one review' approach to environmental assessments and involving the Indigenous Advisory Council in its decision-making.

The former CEO of Trans Mountain will lead Ottawa's major projects office, which is established to streamline the approval process for large industrial construction projects. This initiative aims to provide a centralized platform for industries to pitch their project ideas. The office will be based in Calgary, reflecting the region's significant role in Canada's industrial sector. This move also signals Ottawa's emphasis on facilitating large-scale infrastructure developments.