Ottawa, Ontario pledge combined $3-billion for new nuclear reactors

The federal government will provide an additional $2-billion toward construction of the first nuclear reactor planned in Canada in more than three decades, Prime Minister Mark Carney announced Thursday.

The Canada Growth Fund, a $15-billion federal investment fund, will buy an equity stake in the project. Half of the $2-billion will be spent on the plant’s first reactor; the other half is earmarked for subsequent reactors planned at the site. Terms of the investment were not disclosed.