Peterborough This Week reports that “After a summer of preparing Cleantech Commons’ main access road, work is being done to prepare for construction of the city’s upcoming green-tech business park.” Read the full article here!
Martin Yuill, Cleantech Commons executive director is quoted as saying that “work will begin in October to set up ‘environmental protection features, such as erosion and sediment controls’.”
Once the environmental protections are installed, construction will follow, which will begin with trails and roads for the 85-acre park.
Cleantech Commons is a joint project between both the city and Trent University. The goal is to create a hub for green technology businesses and attract innovation and jobs.
The city is investing $10.1 million to prepare the land, with the city and university sharing the revenue of the leased properties.
“Cleantech Commons lies at the heart of the Peterborough region’s efforts to support clean and green technology research, innovation and entrepreneurship,” says Yuill.
When the park is complete, it will take part in an industry that’s expected to be worth $2.5 trillion in 2020, and potentially as much as $26 trillion by 2030, he adds.
“Cleantech Commons will help attract new businesses to the Peterborough Region, will provide a ‘soft-landing’ for international companies looking to establish themselves in the north American market, will create experiential learning and employment opportunities for students and graduates, and will help our region to attract and retain science- and technology-based skills and talent,” Yuill says.
For more detailed information, please see: Work resumes on installing services for Cleantech Commons