FREDERICTON, June 8, 2015 /CNW/ - The Honourable Greg Rickford, Canada's Minister of Natural Resources, today announced new investments in science and infrastructure upgrades in Fredericton. This $5.8-million announcement builds on the Government's unprecedented and historic investment in public infrastructure to ensure Canada's future economic growth for years to come. Today's investments include:
Across the country, the Government of Canada is investing $380 million in federal laboratories and research facilities for major repairs and upgrades that will improve the ability to perform leading-edge research. For example, using resources funded in Budget 2014, scientists at the Atlantic Forestry Centre are collaborating with partners to limit the impact of the spruce budworm outbreak in Quebec and New Brunswick.
New investments like the one announced this morning help ensure that Canada's forest industry continues to support and create jobs. Operating profits for Canada's forest sector reached $2.7 billion in 2013, up 152 percent from 2012. These are the highest operating profits earned over the past eight years. Since 2011, exports of forest products from the Province of New Brunswick have risen by $100 million annually.
Since 2007, the Government has invested an unprecedented $1.8 billion in support of the ongoing transformation and renewal of Canada's forest sector. Budget 2015 maintains this momentum by investing $86 million over two years to further extend the Forest Innovation Program and the Expanding Market Opportunities Program.
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"Today's investment in science and infrastructure upgrades is welcome news for scientific research and jobs here in Fredericton. Our government is once again demonstrating its commitment to supporting economic growth across Canada."
The Honourable Greg Rickford
Canada's Minister of Natural Resources
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SOURCE Natural Resources Canada
Image with caption: "The Honourable Greg Rickford, Canada's Minister of Natural Resources, meets technicians at the Atlantic Forestry Centre. Minister Rickford announced $5.8 million in science and infrastructure upgrades today in Fredericton, New Brunswick (CNW Group/Natural Resources Canada)". Image available at: http://photos.newswire.ca/images/download/20150608_C1120_PHOTO_EN_17749.jpg
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