Utoo Radio with Other News Sources - June 26, 2024 - The Grays Bay Port and Road project, a long-awaited project on Canada's central Arctic coast, has been revived after an environmental assessment with regulatory authorities in Nunavut was completed.

The project, which includes a deepwater port, a 230-kilometre all-weather road, and a deepwater port with two wharfs, could open up crucial mineral resources.

The project would also include an airstrip, tank farm, transloading facilities, utilities, maintenance shops, warehousing, accommodation, administrative offices, and areas for ore concentrate storage and handling.

The project could also make economic access to tidewater for deposits of copper, zinc, gold, and silver.

The Canadian Infrastructure Bank has contributed $3 million to the project, and the project's cost is estimated to be around $1 billion.

The project is expected to take until 2027, with construction starting in 2030.