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Sault in catch-22 over project. (Around the North).

The City of Sault Ste. Marie will be required to develop a business plan for the transpolar air cargo project before the federal government provides any further financial backing.

FedNor has stipulated that the Sault develop a full business plan on the initiative if it wishes to seek any more government financing. Both federal and provincial governments provided $34,000 for the initial $85,000 consultant report recently completed. An official with the city claims the city is in somewhat of a catch-22 situation. In order to do a business plan the city needs to retain an interested air carrier for the initiative, but an air carrier would require a commitment from the city that infrastructure needs, particularly the extension of the Sault runway, will be addressed.
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Title Annotation:City of Sault Ste. Marie has to develop business plan for transpolar air cargo project
Publication:Northern Ontario Business
Geographic Code:1CONT
Date:Feb 1, 2003
Words:127
Previous Article:Exploration results expected. (Around the North).
Next Article:Golden opportunity identified. (Around the North).
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