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May 10, 2004
Green infrastructure funding supports PEI industrial park
ALBANY, PEI-The Borden-Carleton Business Park in Albany will receive $1.5 million toward the construction of a wastewater treatment facility to provide primary and secondary treatment for the industrial park's current and future tenants. The funding is coming from the Strategic Community Investment Fund, a program of the federal government's Atlantic Canada Opportunities Agency (ACOA). The treatment facility will provide essential infrastructure support for a new beef processing plant currently under construction in the 90-hectare park. Completion of the plant is expected by the end of this year. Joe McGuire, Minister responsible for ACOA, said the funding reflects the government's recognition that "future economic sustainability relies heavily on the strength of a community's infrastructure. This project also paves the way for the industrial park to seek additional tenants in the highly profitable value-added agri-food industry," he added. The business park, which is managed by Borden-Carleton Holdings, offers a number of advantages, notably: a central location both within PEI and Atlantic Canada; a relatively low residential population in the immediate area; existing waste treatment infrastructure; and close proximity to the Confederation Bridge.