Quebec seeks to lure EU investors to far north

9th June 2011, Comments 0 comments

Quebec Premier Jean Charest will travel to Europe this month to tout the Canadian province's CAN$80-billion plan to boost forestry and mining development in its far north, his office said Thursday.

The Quebec government unveiled the 25-year plan to develop "one of the last untouched territories of the world, filled with riches" in May.

Charest is to meet with politicians and business leaders in London, Brussels, Frankfurt and Munich from June 27 to July 1.

He will also address the Financial Times Global Energy Leaders Summit to drum up investment, his office said in a statement.

The region being targeted for renewal is more than twice the size of France, but is inhabited by only 128,000 people, or 1.6 percent of the province's population.

The proposal will require integrating 10 northern ports, 46 airstrips, 1,190 kilometers (740 miles) of railroads and 51,000 kilometers (32,000 miles) of roads to improve access.

The mostly French-speaking province is also looking to upgrade its telecommunications infrastructure, as well as several airports and highways.

© 2011 AFP

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