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Toundra Greenhouses Mgbasawanye: Anya nso na $525 Million Mega Project

Tatka Petkova by Tatka Petkova
November 19, 2023
in Company, Greenhouse
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#ToundraGreenhouses #AgriculturalExpansion #GreenhouseProject #EconomicImpact #SaguenayLacSaintJean #QuebecAgriculture #FarmingInnovation #CropDiversification #MegaProject #AgriculturalEconomics

The much-anticipated expansion of Toundra Greenhouses, announced a year ago at a staggering cost of $525 million, continues to capture attention. The CEO, Éric Dubé, initially dubbed the investments as “international in scale.” However, twelve months post-announcement, a veil of uncertainty shrouds the mega-project.

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When questioned about the progress, Éric Dubé mentioned, “It is too early to discuss.” He provided a brief update, stating that the project is currently in the design phase. As of November 2, 2022, the company, in an informational meeting, indicated a lack of a precise timeline but expressed hopes for the commencement of construction within two years.

The expansive project envisions the construction of ten units, including the existing three greenhouses, with a projected timeline spanning seven to eight years. The addition of 8.5 hectares of greenhouses aims to diversify Toundra’s produce beyond cucumbers, incorporating a variety of vegetables and fruits such as peppers and strawberries, catering to the Quebec market.

Moreover, the expansion is anticipated to bring economic benefits to the Saguenay—Lac-Saint-Jean region, with at least 300 local businesses expected to share $34 million in annual economic returns. The region is also slated to receive a portion of contracts totaling $205 million (39% of the overall project). Estimated annual tax revenues for Saint-Félicien and Normandin are projected at $2.5 million.

As Toundra Greenhouses navigates the design phase, the trajectory of this colossal undertaking holds significance for the agricultural community. The diversification of crops and the economic boost for the Saguenay—Lac-Saint-Jean region underscore the project’s broader impact on local agriculture and economy. The coming years will unveil the unfolding chapters of this ambitious venture.

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Tags: oru ugbomgbasawanye nke ugboihe ubi diversificationMmetụta akụ na ụbaInnovation ọrụ ugboGreenhouse ProjectMega ProjectQuebec AgricultureSaguenay Lac Saint JeanToundra Greenhouses
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