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    Stornoway Diamond Constructions Progresses On Route 167

    Investing News Network
    Oct. 30, 2012 01:13PM PST
    Gem Investing

    Stornoway Diamond Corporation announced construction progress on the Route 167 Extension to provide year round highway access to the Renard diamond project.

    Stornoway Diamond Corporation announced construction progress on the Route 167 Extension to provide year round highway access to the Renard diamond project.

    As quoted in the press release:

    Construction on the 243km long Route 167 Extension began in February of this year, and is being undertaken in four segments, “A” to “D”. Construction on the southernmost segments A and B is progressing well, and to date 109km out of 143km has been completed to a standard sufficient for vehicle access. In the north, tree clearing and ground surveying are approaching completion over the 100km of the road covered by segments C and D. However, Stornoway has been advised by the Quebec Ministry of Finance that it intends to conduct a review of overall construction expenditures on the Route 167 Extension prior to the granting of contracts to complete the civil works on these northernmost segments. On the basis of the Ministry of Transportation’s current plan for the construction of the Route 167 Extension, the delay in awarding contracts for civil works on segments C and D will result in a delay in the provision of all-season road access to the Renard Diamond Project, which was previously scheduled for July 2013.

    Click here to read the Stornoway Diamond Corporation press release.  

    renard diamond projectstornoway diamond corporationstornoway diamond
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