Sug­ges­tions for boost­ing the econ­omy

The Compass - - Editorial - — Jack O’Keefe writes from Con­cep­tion Bay South

With all the talk about the bud­get there is lit­tle em­pha­sis on the mat­ter of eco­nomic devel­op­ment and what the gov­ern­ment is do­ing to stim­u­late the econ­omy.

I would like to sug­gest that the gov­ern­ment needs to do some­thing with Wabush Mines, and I sug­gest that in­stead of of­fer­ing hun­dreds of mil­lions to some­one to come in and take over Wabush Mines, the gov­ern­ment should form its own New­found­land com- pany to own and run it. Also, as part of this plan, they should in­ves­ti­gate the po­ten­tial of build­ing a steel plant in New­found­land to take the raw prod­uct from Wabush and turn it into steel prod­ucts, such as steel plate, steel pipe, etc. Ar­gen­tia would be a good lo­ca­tion to build this plant as it has an ex­cel­lent har­bour, ex­ist­ing wharf fa­cil­i­ties and lots of land, and it is gen­er­ally ice-free.

This would lead to other de- vel­op­ments such as build­ing our own fer­ries which, as we know, we are cur­rently get­ting built in other coun­tries. Ex­ist­ing ship­build­ing fa­cil­i­ties, in­clud­ing those in Marys­town and Bull Arm, should be in­cluded in this strat­egy. We have the work­force with the nec­es­sary skills, we just do not have the op­por­tu­ni­ties.

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