Federal Finance Minister Bill Morneau announced a $275-million investment towards the LNG Canada plant in Kitimat on Monday, including $55 million to replace the Haisla Bridge.
Touting it as more support for the largest private sector investment in Canadian history, Morneau told a news conference at the Kitimat Rod and Gun Club that the other $220 million will help fund high energy-efficient gas turbines to minimize greenhouse gas emissions and fuel use.
The bridge is in need of major repairs or replacement to accommodate the growing amount of industrial traffic going to the liquefied natural gas plant.
District council faced having to borrow $20 million to overhaul the bridge or put towards a replacement.
The federal government said the replacement is expected to create up to 100 jobs over the four-year construction period.