If The Lower Mainland Needed $158 Million For Power Would They Have Trouble Getting It
By Ben Meisner
Small operators will be the first to take the hit if the Province does not come up with a new plan to send electricity along Highway 37 north.
The small mine operators don’t have a hope in the world of being able to secure sufficient financing to come up with the share of the $400 million needed to get the power rolling. The Native Bands along the road can’t come up with that kind of money, so unless Galore Creek goes ahead and they are prepared to put up the first $158 million dollars, the deal dies on the table.
But wait, if it were located in the lower mainland, what would happen? The money has been flowing in that area of the province in anticipation of the 2010, which will boost that economy in the short haul, but for those people in the north who have been watching the forest industry gasp for air, a bone or two is what they are being offered.
New mines along highway 37 mean new jobs, new money for the government, fat paychecks and new export dollars an item which we are always looking for.
Has anyone talked to, for example, Wrangle Alaska, or some of those other US coastal towns? They need power just as badly as the mines do and there is always a potential partnership there.
Just telling the major players in the mining industry that’s it’s either their money or no go just doesn’t wash it.
We need some new wealth in the north to hang our hats on for not only this region but the province as a whole and putting the brakes on North West Power is a simple way to short circuit that growth.
I’m Meisner and that’s one man’s opinion.
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