Highbank Summarizes News on B.C. LNG Infrastructure

Resource Investing News

Highbank Resources (TSXV:HBK) CEO and President Victor Bryant released a summary today on the status of the BC LNG Infrastructure.

Highbank Resources (TSXV:HBK) CEO and President Victor Bryant released a summary today on the status of the BC LNG Infrastructure.
Mr. Bryant is quoted as saying:

“The recent series of announcements detailed in this news release in my opinion heralds the beginning of the transportation infrastructure build required to support B.C. LNG in the North Coast region. We here at Highbank cheer on these projects and have been active in the quotation process to supply aggregates.”

As quoted in the press release:

Province gives out $115 million in natural gas royalty credits:
July 31, 2015 – Adam Reaburn, Energetic City.ca -Everything Fort St. John https://ow.ly/QvgOV
“The Province has approved $115 million in royalty deductions to support the construction of 14 infrastructure projects in northeastern B.C. The B.C. Infrastructure Royalty Credit Program (IRCP), was designed to facilitate the construction of new resource roads and pipelines.”
$5 million investment to bring shore-based radar to the waters of the North Coast:
Shaun Thomas– Northern View – July 31, 2015 https://ow.ly/QxWFT
The project, which includes a $2 million investment from Western Economic Diversification Canada, will see three radar towers installed to provide radar coverage 50 nautical miles west to the northern tip of Haida Gwaii and north beyond the Alaska border. The 6.5 metre TERMA Scanter 5102 towers will be installed on an existing tower on Mount Hays, on Ridley Island and on Dundas Island, located 30 kilometres northwest of Prince Rupert. “This project will result in a new and foundational piece of our marine safety and security network at the Port of Prince Rupert, providing an additional layer to the maritime picture we use to keep our harbour safe and ensure a diverse range of cargoes continue to flow securely through our trade gateway,” said Don Krusel, President and CEO of the Port of Prince Rupert. To view a progress report of the Port of Prince Rupert infrastructure projects https://www.rupertport.com/future
Propane export plant site lined up, AltaGas to build B.C.:
Dan Healing, Calgary Herald. July 30, 2015 https://ow.ly/QvhxL
AltaGas Ltd. has advanced its plan to be the first to export liquefied propane from the B.C. coast, announcing Thursday it has struck an exclusive deal on an unspecified site and that it will build a new gas fractionating plant in northeastern B.C. to ensure supply. Chairman and Chief Executive David Cornhill states: “The Calgary-based Company could invest over $1 billion over the next two years in B.C., including the liquefied petroleum gas (LPG) plant on the coast, the new fractionation facility worth about $100 million at Fort St. John and its previously announced $350-million Townsend gas plant in northeastern B.C., along with associated pipelines.”
Province funds more sailings to Lax Kw’alaams and ferry refurbishment while signing MOU to pave Tuck Inlet Road:
Shaun Thomas – Northern View –July 28, 2015| https://ow.ly/QxXOn
Minister of Transportation- Todd Stone announced today the signing of a Memorandum of Understanding with Lax Kw’alaams leadership that will move forward the needed engineering work to pave Tuck Inlet Road, while the ministry will provide funding to refurbish the Spirit of Lax Kw’alaams ferry and support five additional weekly trips between Aero Point and Tuck Inlet beginning this summer.
Money Announced for Highway 16 Improvement & Airport Expansion:
Brandon Gonez | CFTK TV – Local News July 27, 2015 | https://ow.ly/Qvnlx
The Highway 16 Improvement project will see the rail and road crossing realigned with grade separation — with the creation of an overpass to carry traffic over the CN railway line. The project cost is expected to be $37 million, which is to be split between the province who is contributing $19.5 million and the federal government, who’s providing the remaining 17.5 million. But today’s announcement wasn’t all about drivers; there were also goodies for air travellers too. “I’m pleased to announce on behalf of the province of British Columbia that we are investing $4.4 million towards the expansion of the Northwest Regional Airport,” announced Todd Stone, B.C. Minister of Transportation & Infrastructure.
Prospects for B.C.’s biggest investment:
Opinion -Tom Fletcher, Nanaimo News Bulletin- B.C. Local News– August 4, 2015 | https://ow.ly/QvnFZ
“For what it’s worth, my prediction is on record: it will go ahead. The latest evidence is the company’s continued, costly effort to gain federal and local approval for a suspension bridge to Lelu Island to minimize the marine impact. Lax Kw’alaams Band members could not have had details on that change from an underwater pipeline when they voted to oppose the project in May.”