From jobs and business contracts during construction, to generations of stable electricity rates, and additional provincial revenue, the benefits of Muskrat Falls will be felt in every corner of the province.
The construction of Muskrat Falls will mean significant economic benefits for Newfoundland and Labrador, including:
- $1.9 billion in income to labour and business
- $320 million in average income benefits per year
- $290 million in taxes to the Government of Newfoundland and Labrador
Our economy will also benefit from employment associated with building Muskrat Falls and the transmission links:
- 3,100 direct jobs at peak employment
- 1,500 direct jobs per year on average across more than 70 occupations
- 9,100 person-years of direct employment, including 5,800 in Labrador
Muskrat Falls will also facilitate other potential developments, like large scale mining in Labrador and industrial development, which will boost the economy even further.
How will building Muskrat Falls benefit Labradorians?
More than 75% of direct labour for the Muskrat Falls generation facility will take place in Labrador. The development of Muskrat Falls will create 5,800 person years of direct employment in Labrador and will provide approximately $500 million in income to Labradorians and Labrador-based businesses. Muskrat Falls’ power will also be available to support potential industrial development in Labrador.
The Project will lead to infrastructure improvements in the upper Lake Melville area, including upgrades to the port, airport, roads and broadband. Nalcor will also continue its community presence in Labrador, lending a hand to programs that support the interests and concerns of local residents.
How can I take advantage of the opportunities for jobs and business contracts?
Click here to view employment opportunities. Click here to view procurement opportunities.
Will Newfoundlanders and Labradorians be given priority for jobs?
Yes. The Benefits Strategy establishes a hiring protocol for the project. Commitments made in the Impacts and Benefits Agreement with the Innu Nation are a priority, followed by consideration of employment for qualified residents of Newfoundland and Labrador. For the generation portion of the project, qualified residents of Labrador will have priority, followed by residents of Newfoundland.