New Brunswick gets $219 million loan from Ottawa for hydroelectric dam repair work

Source: New Brunswick - Regional News
Date: 2026-10-13 17:06:33.0
Tags: [New Brunswick, National, Infrastructure, Energy, Environment, Climate]

The federal government announced nearly $270 million in funding for New Brunswick energy facilities, featuring a $219 million loan from the Canada Infrastructure Bank for the Mactaquac Life Achievement Project and a $50 million grant to upgrade the Salisbury Terminal near Moncton. The funding supports technical studies, regulatory reviews, and planning to extend the 672-megawatt Mactaquac Generating Station's operational life to 2068, counteracting concrete swelling caused by alkali-aggregate reactions. NB Power officials stated that the total project cost is projected to approach $9 billion, while the federal government emphasizes the investment's alignment with Ottawa's net-zero electricity grid goals by 2050.