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MINISTER MACKAY ANNOUNCES GOVERNMENT OF CANADA SUPPORT FOR RECREATION INFRASTRUCTURE AND BUSINESS INITIATIVES
SYDNEY (NS) – February 16, 2011 – The Cape Breton Regional Municipality’s (CBRM) recreational infrastructure and business community received a boost from three Government of Canada investments announced today by the Honourable Peter MacKay, Minister of National Defence and regional Minister for Nova Scotia.
“Our Government is working to create and sustain jobs for Canadians in all regions of the country and is committed to investing in projects that strengthen and benefit local communities,” said Minister MacKay. “Our investment in these projects supports the vitality and growth of the local economy and enhances the appeal of the region as a place in which to live and invest.”
The Government of Canada’s combined investment in these three projects is $4.8 million.
The Bayplex in Glace Bay is installing a geothermal energy system that will use mine water from the community’s former coal mines for heating and cooling purposes, resulting in significant energy savings for the facility. The Bayplex geothermal system will also serve as a pilot project for other geothermal energy applications that may lead to further developments in Cape Breton. The Government of Canada through Enterprise Cape Breton Corporation (ECBC) is investing $272,498 in this initiative.
A major refurbishment of Centre 200 in Sydney has recently been completed thanks to an additional $2.25 million investment from the Government of Canada, through ECBC. The intent of this project is to position the landmark entertainment and sports facility as a potential host venue for regional, national and international events. This contribution is in addition to ECBC’s previously announced contribution to Centre 200’s redevelopment, bringing the Government of Canada’s total investment to $3.75 million.
The First Nation community of Membertou continues to contribute to the local economy and has recently commenced construction of a 124-room hotel connected to the Membertou Trade and Convention Centre. This joint venture with Charlottetown-based DP Murphy Inc. is expected to employ up to 50 people when fully operational. The Government of Canada, through ECBC, is investing $2,283,000 in the project by way of a loan to the joint venture company constructing the hotel.
Enterprise Cape Breton Corporation offers programs in support of economic development initiatives and is responsible for delivering ACOA’s programs on Cape Breton Island and in the Mulgrave area.