Prime Minister Mark Carney in March put the North at the centre of Canada’s economic and security agenda when he
announced
more than $40 billion of investments in defence, economic corridors and electrification in our Northern and Arctic region.
For the
Northwest Territories
, that commitment has begun to take shape with the referral of three nation-building projects to the Major Projects Office: the Mackenzie Valley Highway, the Arctic Economic and Security Corridor and the Taltson Hydro Expansion. The referrals signal that these projects are not just priorities for the North, but for Canada.
These projects will mark the largest expansion of Canada’s enabling infrastructure since the construction of the transcontinental railway and will set the stage for the country’s transition into an energy superpower, a global supplier of choice for critical minerals and an Arctic power instead of an Arctic nation.
The significance of the NWT’s mineral and petroleum deposits is
well-established
, but a lack of basic infrastructure has historically kept some of our most resource-rich regions out of reach, driving up the costs of exploration and development and creating roadblocks for investment.
All that is about to change, and this investment matters as much to Canadians and global investors as it does to NWT residents.
The
Mackenzie Valley Highway
will redefine the territory. The 800-kilometre-long all-season road through the Western Canada Sedimentary Basin to the Arctic coast will provide unprecedented access to some of Canada’s largest and least developed oil and gas deposits, lower the costs of doing business and create a direct link to tidewater in the Beaufort Sea.
To the east, the
Arctic Economic and Security Corridor
will connect the NWT and Nunavut with a 400-kilometre all-season road through one of the most mineral-rich regions on Earth: the Slave Geological Province.
This region contains 19 of the NWT’s 23 minerals found on Canada’s designated critical mineral
list
, along with proven deposits of precious metals, base metals, and rare earth elements. The corridor will connect to a deep-sea port on the Northwest Passage, in the midpoint between Noom and Nuuk.
The NWT’s third major project, the
Taltson Hydro Expansion
, will double the territory’s hydro capacity, build redundancy, deliver reliable power to 70 per cent of its residents and create the opportunity to power the Arctic Economic and Security Corridor.
Taken together, these infrastructure investments position the NWT as Canada’s next investment frontier. But realizing the territory’s potential will take more than public investment; it requires an efficient regulatory system that is clear, predictable and provides certainty.
The NWT in 2014 took over responsibility for its land and resources from the federal government, resulting in a “one-project, one-review” co-management system. Grounded in modern treaty commitments, that system balances robust environmental protections while advancing sustainable development for the benefit of northerners.
The Government of Canada, the Government of the Northwest Territories and Indigenous governments each have a seat at the table, with shared responsibility for decisions. Similarly, resource legislation is co-developed by the Government of the Northwest Territories and Indigenous governments.
This type of collaboration is a strength. It means that issues are identified early, expectations are clear and projects move forward with stronger foundations and broader support. In the NWT, partnerships with Indigenous governments are not a barrier to development; they are how development gets done.
The result is a jurisdiction that offers a combination that is increasingly difficult to find: political stability, clear regulatory processes, strong environmental oversight and a resource base with global demand.
Alongside the generational investments in major infrastructure projects that will lower costs, unlock stranded assets and improve project economics, it becomes increasingly evident that investing in the NWT is not speculation, but a strategic bet on Canada’s next phase of growth.
R.J. Simpson is Premier of the Northwest Territories.
Opinion: Building up the Northwest Territories is a strategic bet on Canada’s next phase of growth
2026-04-17 10:00:20
