Business, Tourism, Culture and Rural Development
April 2, 2015
Responding to Traditional and Emerging Sectors
Government Invests to Support Port Expansion in Placentia Bay
The Harbour Authority of Arnold�s Cove will expand its docking facilities as the busy port looks ahead to meeting increased commercial, industrial, and recreational demand. The Government of Newfoundland and Labrador is supporting the authority with $66,000 for the project.
�This is a growing marina utilized by a variety of customers including recreational boaters from the area as well as tourists. A variety of industrial and commercial customers also use this facility and the demand for berthing area has increased over the last number of years. This is a sound investment in the future success of this facility and will provide a boost for the local economy.�
- The Honourable Darin King, Minister of Business, Tourism, Culture and Rural Development
The project will see an expansion of floating docks to provide more berthage for recreational boaters, which will free more space for commercial traffic. The expansion is scheduled for this spring and will include the installation of eight floating docks.
�After much collaboration with the harbour authority, boaters� association and the Town of Arnold�s Cove, I am very pleased with the government�s commitment to fund this project. Demand for space in this harbor is growing as we see an increase in marine traffic in Placentia Bay. This is a successful port and this investment will help the harbor authority expand facilities to better meet the needs of all users.�
- Calvin Peach, MHA Bellevue
Through the Regional Development Fund, the Department of Business, Tourism, Culture and Rural Development provides support to organizations by way of non-repayable contributions for projects aimed at supporting economic development, innovation and capacity building in all regions of the province. In the past five years, approximately $30 million has been dispensed through the fund.
Additional information on programs can be found at: www.ibrd.gov.nl.ca/starting/fundingincentive/index.html
QUICK FACTS
- The Provincial Government is providing $66,000 toward the expansion of berthing facilities in Arnold�s Cove to better meet the growing need for space in this busy port.
- The Harbour Authority of Arnold�s Cove plans to install additional berths for recreational users, which will free more space for commercial and industrial customers.
- Through the Regional Development Fund, the Department of Business, Tourism, Culture and Rural Development provides support to organizations by way of non-repayable contributions for projects aimed at supporting economic development, innovation and capacity building in all regions of the province.
- The Provincial Government has dispensed approximately $30 million through the Regional Development Fund in the past five years.
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Media contacts:
|
Tansy Mundon
Director of Communications Department of Business, Tourism, Culture and Rural Development 709-729-4570, 693-1865 tansymundon@gov.nl.ca |
Terri Temple Constituency Assistant to Calvin Peach TerriTemple@gov.nl.ca 709-729-1546 |