Windhoek: Canadian Prime Minister Mark Carney on Thursday announced the second tranche of projects aimed at strengthening the economy as part of broader national strategies to boost the country's competitiveness. The projects, focusing on unlocking Canada's vast natural resources, strengthening energy security, and expanding critical infrastructure, will represent more than 56 billion Canadian dollars (40 billion U.S. dollars) in new investment and support 68,000 careers, according to a news release on the prime minister's official website.

According to Namibia Press Agency, Carney emphasized the government's commitment to economic growth through significant investments and streamlined processes. "Faced with uncertainty, Canada's new government is making bold choices to grow our economy stronger than ever before with major investments, faster approvals, and a clear signal to workers and industry," said Carney in the release. "We're taking control of our future and building Canada strong."

In August, Carney announced the launch of the new Major Projects Office to expedite major nation-building projects by streamlining regulatory approvals and assisting with financing. This initiative aims to accelerate the development of key sectors by reducing bureaucratic hurdles.

In September, Carney revealed the first five projects under consideration for fast-track approval through the office. These projects, including energy, mining, and port expansion, represent more than 60 billion Canadian dollars (43 billion dollars) in investment. The announcement underscores the government's strategy to enhance national infrastructure and resource management through targeted investments.