10/07/2013 04:17 EDT | Updated 12/07/2013 05:12 EST

PQ announces $2-billion jobs plan

The Parti Québécois government is vying to reboot the province’s economy with a new $2-billion plan that it says will create more than 40,000 jobs by 2017.

Premier Pauline Marois and Finance Minister Nicolas Marceau revealed the job creation program at a press conference Monday that had the look and feel of an election campaign event.

The investment will fund the creation of new jobs by selling surplus electricity at discounted rates.

The money raised will fund employment and development in a number of targeted areas:

- $566-million for the renovation of infrastructure, including community centres, arenas and schools

- $516-million for the development of an electric transit industry in Quebec that will build electric cars, electric railways, and related infrastructure.

The new plan also includes more than $700-million in tax credits as well as discounted hydro rates for companies which invest to create new jobs.

Combined with other recently announced measures, Marois said her government expects to see a total of 115,000 new jobs created by 2017.

Marois denied that the measures suggested that her government was planning for an election. She said the plan has been under consideration for the last four months.