COMMERCE RESOURCES (€ 0,208)

Netter Reread:

Commerce Resources Corp. – Ashram Project – Preliminary Economic Assessment 152

18.5 Quebec Northern Infrastructure & Sustainable Development (Plan Nord)

The Quebec Government announced in May of 2011, an ambitious infrastructure and sustainable development plan for the north called ‘Plan Nord’. The plan involves substantial investment in various sectors including transportation, lodging, tourism, mining, energy, protection of the territory, etc. north of the 55th parallel in Quebec totalling $80 billion dollars over 25 years. One focus of this plan is to complete a land link (road or rail) and hydroelectric power line connecting Kuujjuaq to the south via the Labrador Trough. A pre-feasibility study has already been completed with additional funds committed over the next several years to further assess the project. Such a route, as currently proposed, would run within 35 km of the Ashram Deposit. The Quebec Government has stressed the flexible and dynamic nature of the plan and its need for industry involvement to help finance and develop its final route. As such, Commerce sits in a fortuitous position and intends to work with the government to integrate its planned shipping route with advancing government infrastructure. Such efforts may help offset the cost of the road construction and associated maintenance via integration with the Government’s Plan Nord.