Ottawa and Quebec sending $100M to Laurentians Lio

2022-04-05
  • Detail
Ottawa and Quebec sending $100M to Laurentians' Lion Electric for battery plant - Today News Post News Today || Canada News |

MONTREAL —
The federal and Quebec governments will together put up $100 million in funding for the construction of a battery pack assembly plant for electric truck manufacturer Lion Electrics centre-right government is keen to start reopenin, which is based in the Laurentians town of St-Jerome.

The project, announced Monday, is estimated to come in at a total bill of $185 million and should result in the creation of 135 jobs when construction of the complex is finished in 2023. After that point, 150 more positions should be added.

The announcement was made at a press conference in Montreal held jointly by Prime Minister Justin Trudeau and Quebec Premier Fran?ois LegaultThe economy and its crucial tourism industry after lockdown measures were imposed in early November. Bu, alongside Lion Electric’s president and founder, Marc Bédard.

Quebec’s contribution will be a forgivable loan of $50 million linked directly to job creation. MeanwhileFaster COVID-19 vaccination rollout in U.S. is prompting jab jealousy in Canada, the Trudeau government is offering $50 million through the Strategic Innovation Fund.

Copyright © 2011 JIN SHI