Norway's Bulk seeks Canadian owner for cable bypassing US

Norway's Bulk Infrastructure Group is looking for a Canadian partner to own most of the planned Leif Erikson subsea cable between Europe and Canada that avoids the US. The 4,600km subsea and 1,900km land route is expected to cost more than $620 million.

• Cable would run from southern Norway to Newfoundland, then 1,900km underground to Montreal
• Build cost is expected to exceed $620 million
• Route still needs EU- and Canada-backed studies, customers and funding
• Bulk is 65% owned by BGO, a subsidiary of Sun Life Financial