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first_imgThe province is keeping its commitment to help fund the Sydney Harbour Dredging Project that will create hundreds of jobs for Nova Scotians and change the economic direction of the region. Premier Darrell Dexter, today, Dec. 10, re-affirmed a commitment to fund 40 per cent of the total costs of the dredging project, to a maximum of $15.2 million. “Today is a great day for the people of Cape Breton,” said Premier Dexter. “At a time when investing in good jobs and economic growth is more important than ever, we saw this project as an opportunity to create real and positive change for the economy of Cape Breton.” The Sydney Marine Group, the Sydney and Area Chamber of Commerce and other local groups cite this dredging project as the key to unlocking the full economic potential of Sydney Harbour. “A decision like this cannot be reached without strong partnerships,” said Jim Wooder, chair of the Sydney Marine Group. “The governments of Canada, Nova Scotia and the Cape Breton Regional Municipality, and Nova Scotia Power, deserve credit for their support of this initiative and their vote of confidence in the community and its vision for the future. “Today sees another important milestone realized in the commercialization of Sydney Harbour, an undertaking that is complex while enormously significant.” Based on the business case, prepared by the Sydney Marine Group, dredging the harbour would support a variety of economic development initiatives, including developing a ship building and repair facility and a container facility next to Sydport Industrial Park. It also states that the project will increase offshore oil and gas-related manufacturing and marine-related investment and business. “The dredging project alone would create up to 100,000 hours of work in this region and this is good news for everyone in Nova Scotia,” said Premier Dexter. “Today’s announcement is about recognizing an opportunity and seizing it and I am pleased that the province of Nova Scotia, the government of Canada and Cape Breton Regional Municipality have done just that.” Premier Dexter thanked the government of Canada, Cape Breton Regional Municipality, the Sydney Marine Group, Nova Scotia Power, Deputy Premier Frank Corbett and MLA Gordie Gosse for helping make this project became a reality. “Many people have come together to make sure this project moved forward,” said Premier Dexter. “I can’t think of a better project for Cape Breton to not only create tremendous economic development opportunities, but to help keep young people living, working, and raising a family here.”last_img read more

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