Manitoba to pitch Churchill at investment summit
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Manitoba will pitch its Port of Churchill Plus project to global banks and sovereign wealth funds next month.
Premier Wab Kinew said the project — which includes upgrades to the deepwater Churchill port — will be “in the deal book” being presented at the Canada Investment Summit.
The inaugural summit in Toronto, slated for Sept. 14 and 15, is set to draw investors such as Berkshire Hathaway and JPMorgan Chase & Co., the world’s largest bank, The Globe and Mail reported.
Prime Minister Mark Carney is hosting the summit in partnership with the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board.
Sovereign wealth funds from around the world will be attending, Kinew told reporters Wednesday.
“We think we have a pretty good offer to put in front of them,” he said. “Hopefully we’ll be able to start pulling some of that investment.”
Manitoba has around half a dozen projects — in mining and natural resources — that it may pitch, Kinew added.
The federal government has set a goal of attracting $500 billion in private investment over the next five years. It announced its plans for the Canada Investment Summit in April.