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North American Tungsten Corporation Ltd NATUF

North American Tungsten Corp Ltd is a Canadian based exploration and development company. It is engaged in the exploration, development, and operation of mineral properties. The company produces, processes, and sells tungsten concentrate. Its project portfolio includes Cantung mine site and Mactung deposit projects.


GREY:NATUF - Post by User

Post by prospector7on Mar 23, 2009 7:44pm
269 Views
Post# 15864478

YTG announces road upgrades

YTG announces road upgrades

Yukon announces pre-budget spending for 2 road projects

Last Updated: Friday, March 13, 2009 | 12:09 PM CT Comments1Recommend6

CBC News

In advance of releasing its territorial budget next week, the Yukon government announced millions of dollars over the past two days for two road projects.

About $3.5 million will go towards paving Front Street in Dawson City, which is part of the Klondike Highway, Highways and Public Works Minister Archie Lang announced in a release Friday.

That spending is subject to approval from the territorial legislative assembly, Lang said.

On Thursday, Lang said $10.5 million from the budget will be spent on further paving and upgrading the Robert Campbell Highway, on top of upgrades made on the highway last year.

The mostly gravel highway, which runs between Watson Lake and Carmacks, provides access to the Cantung tungsten mining property on the Yukon-N.W.T. border and the Wolverine mining property closer to Ross River.

The funding announcements come as Premier and Finance Minister Dennis Fentie prepares to hand down what he has called "the largest budget in the history of Yukon."

Spending is expected to top $1 billion in the 2009-10 budget, which will be released March 19 in the legislature.

On a government website dedicated to the budget, Fentie has promised record spending on green energy initiatives, as well as infrastructure spending on everything from highways and bridges to water and sewage systems.

The budget will also have spending in housing, health care and education.

Yukoners surveyed by CBC News on the streets of Whitehorse on Thursday gave plenty of suggestions on where budget dollars should go, on everything from recycling to arts programs.

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Story comments (1)

YukonLiving wrote:Posted 2009/03/16
at 12:15 AM ET
"On a government website dedicated to the budget, Fentie has promised record spending on green energy initiatives, as well as infrastructure spending on everything from highways and bridges to water and sewage systems." The site continues to say "this will keep our economy strong. "
Can someone please explain how a highway or bridge keeps an economy strong. Sure a few big companies score a few great contracts and they employ a few yukoners. Once the money is spent then what? You have a nice road to drive on the get your EI check.
Paving front street in Dawson was planned way before "the largest budget in the history of Yukon." Survey work was being done in the summer of 2008. Im willing to bet Fentie announces money for a sewage treatment plant in Dawson, which has been on the table for years, as well as paving front street. Neither of these things help the average joe or the economy of Dawson. It will be interesting to see how much of this money will be spent in the communities and how much in Whitehorse.
It would be nice to see some investment that would yield long term results.
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