Warning: call_user_func_array() expects parameter 1 to be a valid callback, class 'AGPressGraph\manipulator' does not have a method 'httpsCanonicalURL' in /home/cfnrfm/public_html/wp-includes/class-wp-hook.php on line 298
Latest Headlines
Home / News / Resource Benefits Alliance holds first summit

Resource Benefits Alliance holds first summit

Northwest local governments have immediate infrastructure needs worth well over a half-billion dollars.

That figure was contained in a report at the first summit of the Northwest BC Resource Benefits Alliance in Terrace this past weekend.

The group of 21 municipal governments is seeking a revenue sharing agreement with the province in order to deal with those pressing infrastructure needs, mitigate social impacts related to economic development, and establish a legacy fund.

The RBA points to a consultant’s report indicating that under a moderate economic development scenario, 49 major projects in the region would generate $35 billion in new provincial revenue over 25 years.

The alliance says a 3 per cent share would result in a billion dollars to address current and future needs in the northwest.

The alliance says it’s getting positive feedback from industry but has yet to get much of a response from the BC government.

RBA Vice Chair Bill Miller says he’s hopeful the signing of the group’s Memorandum of Understanding will spur the province to come to the table as well.

About Bill Fee

Leave a Reply

%d bloggers like this: