The Globe and Mail reports in its Saturday edition that a new government agency, the Major Projects Office (MPO), has created significant hype despite little known about it. The Globe's Adam Radwanski writes that initially promised by Prime Minister Mark Carney to fast-track large energy mining and infrastructure projects under Bill C-5, its scope has since expanded. With Dawn Farrell appointed as chief executive officer, the MPO is now positioned as a "single point of contact" for expediting nation-building projects beyond just those covered by Bill C-5. The recent federal budget allocates $214-million to the MPO, entrusting it with managing project financing and co-ordinating support from agencies like the Canada Infrastructure Bank. However, specific details about its financing role remain unclear as the MPO redirects media inquiries to Ottawa. As a result, confusion has swirled. The initial set of five projects includes the Darlington small nuclear reactor in Ontario, Port of Montreal expansion, Phase 2 of the LNG Canada terminal in B.C., expansion of the Red Chris mine in B.C. and Foran Mining's McIlvenna Bay project in Saskatchewan. The MPO is mostly focused on navigating final permitting and financing challenges.
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