The money will be paid in the form of property taxes which will be complemented by front end contributions by Pacific NorthWest LNG for district infrastructure improvements.

In a release Pacific NorthWest LNG President Michael Culbert said, “Pacific NorthWest LNG intends on being a long-term positive contributor to the District of Port Edward and this agreement-in-principle serves as the blueprint for a multi-decade co-operative relationship that will benefit all residents of Port Edward. I would like to thank Mayor Dave MacDonald, Port Edward Council and district staff for their dedication and hard work to get to this day.”

The agreement between the two parties is subject to the project proceeding to construction and will go into effect when a long term lease with the Prince Rupert Port Authority is executed.