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New Brunswick Gets $219 Million Loan From Ottawa For Hydroelectric Dam Repair Work
The loan will fund technical studies and planning for a renewal aimed at extending the dam’s life to 2068 and improving grid reliability.
- On Tuesday, Ottawa announced a $219 million loan from the Canada Infrastructure Bank to Power for pre-development work on the aging Mactaquac Dam, located west of Fredericton.
- The Mactaquac Generation Station, which opened in 1968, faces accelerated concrete deterioration due to a chemical reaction, prompting plans to extend its operational life to 2068.
- Ottawa also committed $50 million to upgrade the Salisbury Terminal, a critical substation for regional electricity flow, while total renewal costs for the Mactaquac Dam are estimated at about $9 billion.
- Justice Gruben, chief of Kingsclear First Nation, stated his community wants "to be involved in that process directly," signaling Indigenous engagement in the project planning.
- Premier Susan Holt noted that reliable energy remains critical for New Brunswick and neighbors like Nova Scotia, as Power continues seeking a private-sector partner for the multibillion-dollar overhaul.
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The provincial government secured a $269 million loan to advance two energy-related projects.
Coverage Details
Total News Sources16
Leaning Left9Leaning Right1Center2Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 17%
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