On February 14th 2022, Newfoundland and Labrador Premier Andrew Furey announced the signing of term sheets for a $1-billion federal investment and a $1-billion federal loan guarantee for the Muskrat Falls Project. This is the third such guarantee the federal government has backed in respect of the project. It marks the completion of the negotiation process for the deal. Premier Furey labelled the deal “the next step for all of us to emerge from under the dark shadow of Muskrat Falls.”
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