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Bullboard - Stock Discussion Forum Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper... see more

TSX:FT - Post Discussion

Fortune Minerals Ltd > Ottawa to spend $67M improving some stretches of NWT highway
View:
Post by ztransforms173 on Jul 23, 2024 7:41pm

Ottawa to spend $67M improving some stretches of NWT highway

See:

https://www.dot.gov.nt.ca/Highways

***

z173


^^^


Ottawa to spend $67M improving some stretches of NWT highway


 
Construction work on Highway 1 in July 2020
Construction work on Highway 1 in July 2020. Sarah Pruys/Cabin Radio

The federal government says it is investing $67 million in upgrades to highways across the Northwest Territories.

Ottawa said “sections” of Highway 7, which runs from Highway 1 outside Fort Simpson south to BC, will be chipsealed alongside other work at a cost of $12 million.

Highway rehabilitation work will take place on Highway 1 about 50 km west of the Highway 3 intersection that heads north to Fort Providence. That work will cost $14 million.

The work on highways 1 and 7 “will give the communities of Fort Liard, Nahanni Butte, Jean Marie River, and Fort Simpson safer and more efficient driving conditions,” the federal government asserted.

The Dempster Highway near Inuvik and Ingraham Trail north of Yellowknife will each receive work costing $18 million and $8 million respectively, according to a federal document outlining the basics of the work planned for each road.
 

The access road from What to the community’s new all-season highway, which is about 12 km long, will be redesigned and improved, Ottawa said, at a cost of $15 million.

Monday’s announcement did not contain any commitments to new roads such as the Mackenzie Valley Highway and Slave Geological Province road, which are NWT government priorities.

Last week, Premier RJ Simpson characterized them as Arctic security projects as he suggested federal funding could help Canada meet its Nato spending targets.

https://cabinradio.ca/193933/news/yellowknife/ottawa-to-spend-67m-improving-some-stretches-of-nwt-highway/

 

This article written by:
Ollie is Cabin Radio's editor and a co-founder of the station.


Comment by red on Jul 24, 2024 8:11am
The Tlicho are doing the WhaTi access road improvements, (which is an arm of the tlicho hiway) with a partner....probably underway now and like all gov work in tlicho territory, the gov must negotiate with Tlicho first, failing successful negotiations, then gov can go to public tender.  clearly they will be able to do the access road that we will need ( also with a partner ) .....when we ...more  
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