Manitoba to pitch Churchill at investment summit

Manitoba plans to introduce its Port of Churchill Plus project at the upcoming Canada Investment Summit. The project involves upgrading the deepwater Churchill port and is set to be presented to global banks and sovereign wealth funds at the summit, which will take place in Toronto on September 14 and 15. Premier Wab Kinew stated that the project will be included in the deal book being showcased at the event.

The summit, hosted by Prime Minister Mark Carney in collaboration with the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board, is expected to attract investors such as Berkshire Hathaway and JPMorgan Chase & Co., the world's largest bank. Sovereign wealth funds from around the world will also be present.

Kinew expressed optimism about the project's potential to attract investment, stating, "We think we have a pretty good offer to put in front of them. Hopefully we'll be able to start pulling some of that investment." Additionally, Manitoba has several other projects in the pipeline, including ones in mining and natural resources, that may also be presented at the summit.

The federal government aims to attract $500 billion in private investment over the next five years, as announced during the Canada Investment Summit in April.