Newfoundland and Labrador Fixed Link

Project Name: Newfoundland and Labrador Fixed Link

Partner: Government of Newfoundland and Labrador

Location: Newfoundland and Labrador

Sector: Trade and Transportation

Participation: Memorandum of Understanding

Description: The CIB and the Newfoundland and Labrador Department of Transportation and Infrastructure signed a Memorandum of Understanding (MOU) to further assess a fixed transportation link between the Island of Newfoundland and Labrador. The work will build on previous costing and revenue studies, including the 2004 and 2018 pre-feasibility studies, and involve additional capital and user analysis. The CIB will also assess options for potential transaction structures, related financial analysis and identify additional planning, development and business case work required.

Benefits of the CIB Involvement

Large projects take years to plan and develop, and often require specialized expertise when considering innovative investment and delivery methods. The MOU means the further capital and user assessment will be expedited and is expected to be completed by winter 2022.

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