It is the Ontario Northland Transportation Commission (ONTC), which is a part of the Ontario Ministry of Northern Development and Mines.
The principal operating asset of the ONTC is the Ontario Northland Railroad (ONR), which has become starved of freight haulage as Ontario’s forestry and mining industries have shrunk through many years.
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The discoveries of chromite and nickel in the Ring of Fire could create the potential for much heavy-haulage freight business with which the ONR might become economically viable.
For the Ring of Fire, the ONR thus constitutes the very essence of the purpose of a public utility!
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If the ONTC were made into a non-share capital corporation similar to Canada’s Port and Airport Authorities, it could be governed by the northern residents of Ontario whose communities it serves.
This would enable an important participation by many of those communities which are First Nations!
It might raise project finance in the capital markets with which to add to the heritage railroad assets, roads, pipelines, common mine plant, electricity generation and transmission facilities desired by the affected communities.
This would enable development to be undertaken with the necessary social licence together with the discipline of the capital markets, rather than from the public purse!
for these reasons:
WE INVITE EACH CANDIDATE SEEKING ELECTION TO THE ONTARIO LEGISLATURE
TO CREATE THE NORTHLAND DEVELOPMENT CORPORATION
BY PASSING THIS BILL UPON THEIR ELECTION
www.northlanddevelopmentcorporation.com
KWG RESOURCES INC (TSXV: KWG) â— CANADA CHROME CORPORATION
www.kwgresources.com
ONTARIO ALREADY HAS A NORTHERN DEVELOPMENT CORPORATION
It is the Ontario Northland Transportation Commission (ONTC), which is a part of the Ontario Ministry of Northern Development and Mines.
The principal operating asset of the ONTC is the Ontario Northland Railroad (ONR), which has become starved of freight haulage as Ontario’s forestry and mining industries have shrunk through many years.
â—
The discoveries of chromite and nickel in the Ring of Fire could create the potential for much heavy-haulage freight business with which the ONR might become economically viable.
For the Ring of Fire, the ONR thus constitutes the very essence of the purpose of a public utility!
â—
If the ONTC were made into a non-share capital corporation similar to Canada’s Port and Airport Authorities, it could be governed by the northern residents of Ontario whose communities it serves.
This would enable an important participation by many of those communities which are First Nations!
It might raise project finance in the capital markets with which to add to the heritage railroad assets, roads, pipelines, common mine plant, electricity generation and transmission facilities desired by the affected communities.
This would enable development to be undertaken with the necessary social licence together with the discipline of the capital markets, rather than from the public purse!
for these reasons:
WE INVITE EACH CANDIDATE SEEKING ELECTION TO THE ONTARIO LEGISLATURE
TO CREATE THE NORTHLAND DEVELOPMENT CORPORATION
BY PASSING THIS BILL UPON THEIR ELECTION
www.northlanddevelopmentcorporation.com
KWG RESOURCES INC (TSXV: KWG) â— CANADA CHROME CORPORATION
www.kwgresources.com
Tags: chromite, ring of fire