The federal government announced the second round of projects referred to the Major Projects Office, representing more than $56 billion in new investment.
Two B.C. projects made the list to be considered for federal government fast-tracking: the North Coast Transmission Line and Ksi Lisims LNG facility.
North Coast Transmission Line (NCTL) – Northwest British Columbia: This project is a foundation for a cleaner, stronger, and better-connected Canadian economy. This project will tie the Northwest Critical Conservation Corridor together, delivering low-cost, clean electricity, and bolstered telecommunications to local communities along the West Coast. To support the early stages of the NCTL project, the Canada Infrastructure Bank (CIB) announced a loan of $139.5 million to B.C. Hydro. By twinning major transmission lines, the NCTL will enable transformative new industrial projects – including the
Ksi Lisims LNG – Pearse Island, British Columbia: This project will transform Canada’s energy future. Led by the Nisga’a Nation, Ksi Lisims LNG will become Canada’s second-largest LNG facility and one of the world’s lowest-emission LNG operations once fully electrified, with emissions 94 per cent below the global average. The project is expected to attract nearly $30 billion in investment, create thousands of skilled careers, and strengthen Canada’s position as a global LNG exporter. The project referral also includes the 800-kilometre Prince Rupert Gas Transmission Project to supply feed gas for liquefaction, and a 95-kilometre electrical transmission line to supply electricity to the facility. By ensuring that projects like LNG Canada 2 (referred to the MPO in September) and Ksi Lisims LNG get built, we can more than double Canada’s LNG production.
The first round of projects announced in September represents $60 billion in investments in nuclear power, LNG, critical minerals, and new trade corridors.
B.C. already has two projects on the federal major-projects list announced earlier this year, including LNG Canada Phase 2 in Kitimat and the expansion of the Red Chris copper mine.
