Fonds de solidarité FTQ to commit $100 mln to Québec marine strategy
The Fonds de solidarité FTQ has agreed to commit $100 million to the $300 million logistics component of the Québec government's marine strategy. The strategy aims to position Québec as a hub of trans-Atlantic shipping traffic. In connection with the 2015 Québec Budget, the Fonds also announced that it will play a significant role in the extension of the SIDEX mining fund mandate until 2025; the expansion of the Fonds Valorisation Bois mandate to include pulp and paper innovation; and an increase in the investment threshold of the Fonds régionaux de solidarité FTQ from $2 million to $3 million. Based in Montréal, the Fonds manages net assets of $10.5 billion.
27 March 2015•3 mins read
