The Plan Nord will benefit the city’s businesses

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Added on 8 April 2015 in Press releases

Montréal, April 8, 2015 ‒ The Board of Trade of Metropolitan Montreal welcomes today’s release of the Plan Nord by Quebec Premier Philippe Couillard and the Minister of Energy and Natural Resources Pierre Arcand, with members of the Comité ministériel du Plan Nord on hand. The business community has been eager to see this project get under way since it was first announced in 2011, so the Board of Trade encourages the government to move quickly to put in place the Plan’s foundations and send a strong signal to investors.

“We congratulate the government on launching a new Plan Nord,” said Michel Leblanc, President and CEO of the Board of Trade of Metropolitan Montreal. “We are confident that the investments planned by the ministries, agencies and partners, close to an estimated $2 billion by 2020, will generate a large number of business opportunities for all regions, including for Montréal.”

“The Board of Trade is pleased that the government is committing to providing companies with a stable, predictable business environment,” Mr. Leblanc said. “This is essential to stimulating private investment against the global backdrop of a continued down cycle in the price of natural resources. The government should waste no time in launching strategic projects, particularly to improve access to the territory by investing in transportation infrastructures and to supply the North with electricity and natural gas.”

“The metropolitan area has 1,800 of Quebec’s 3,800 suppliers in the mining and mineral manufacturing sector,” Mr. Leblanc said. “We encourage companies that want to respond to the needs of buyers operating within Plan Nord territory that have not already done so to get prepared and institute a business strategy for serving the North. Clearly, the spinoffs of the Plan Nord for the city will be tremendous.”

About the Board of Trade of Metropolitan Montreal

The Board of Trade of Metropolitan Montreal has over 7,000 members. Its mission is to be the voice of Montréal’s business community and to promote the city’s prosperity. It is involved in key areas of economic development, advocating a philosophy of action based on engagement, credibility, proactivity, collaboration and innovation. The Board of Trade also offers a range of specialized services to individuals and to business of all sizes to support them in their growth at home and abroad.

 

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Source:
Michelle LLambias Meunier
Advisor, Media Relations
Board of Trade of Metropolitan Montreal
Tel.: 514 871-4000, ext. 4042

mllambias@ccmm.qc.ca
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