BC accepting applications under infrastructure program

The 2018 Infrastructure Royalty Credit Program (IRCP) is currently accepting applications from oil and gas companies interested in building or upgrading roads and pipelines.

Quick Facts.

  • A company must fully fund and complete an approved infrastructure project before it can apply to recover up to 50% of the project’s costs in the form of royalty deductions.
  • Each application is evaluated according to its potential to generate royalties, accelerate investment, reduce emissions, and increase access to resource areas.
  • Applications will be accepted by the Ministry of Energy, Mines and Petroleum Resources until April 12.

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