The provincial and federal governments will make a joint contribution of $22.8 million toward completion of the Fundy Trail Parkway.
The project is expected to create jobs and build a stronger tourism industry, Premier David Alward said during an announcement in Salmon River on Wednesday.
“Our government's landmark investment will provide the foundation of new growth and employment for generations and help visitors experience the Bay of Fundy like never before by connecting destinations from St. Martins to Alma," Alward said in a statement.
The 14-kilometre stretch is expected to be completed by the spring of 2018 and complete the "missing link" between the Bay of Fundy's four top natural attractions, said Harley Tingley, president of the Fundy Trail Development Authority.
It will run from Parking Lot 11 to a proposed east entry kiosk in the McCumber Brook area, linking the parkway to a provincial access road, providing strategic connections to Fundy National Park and Sussex, officials said.
“Home to Fundy National Park, Cape Enrage and the Hopewell Rocks, the Bay of Fundy is one of Canada's premiere tourism destinations,” Rob Moore, minister of state for the Atlantic Canada Opportunities Agency said in a statement.
“Our government is pleased to support the completion of the Fundy Trail Parkway, a major sustainable tourism product and international attraction that contributes significantly to the local economy. Our investment will increase tourism in the region, create jobs and generate economic growth in surrounding communities," he said.