The Province of British Columbia has awarded $115.6 million in royalty credits under the Infrastructure Royalty Credit Program to 16 companies for 21 natural gas and petroleum infrastructure projects.
Mr. Bill Bennett, Minister of Energy, Mines and Petroleum Resources stated:
“Today we are leveraging strong investor confidence in our natural gas and petroleum sector to develop new infrastructure for the benefit of all British Columbians. This program is directly responsible for bringing new investment, new jobs, and additional revenues to help fund education and health care.”
The 21 new road and pipeline projects will support natural gas and petroleum exploration and development activity, and improve access to underdeveloped areas in northeast British Columbia.
The BC government has made substantial investments into the development of the Horn River, and Montney shale gas basins by improving infrastructure.
Press Release: Royalty Program Supports 21 New Roads and Pipelines
