Premier Kathy Dunderdale made it official Monday evening; the government has sanctioned the Muskrat Falls hydroelectric project.
This means there's effectively no going back on the $7.5-billion megaproject, which was first announced more than two years ago by then premier Danny Williams.
Dunderdale held the news conference right in the spacious lobby of Confederation Building, with a sizable crowd of business leaders, current and former politicians as well as members of the public in attendance.
The move concludes more than two years of debate and examination of the project, and means that Crown corporation Nalcor will now proceed full-bore with work on the Churchill River in Labrador.
The past few months has featured intense political debate around Muskrat Falls, with both the Liberals and the NDP vocally expressing misgivings about the deal to develop the project.
The announcement was heavy on pomp and ceremony. The government arranged for a choir to sing before the start of the announcement, and the ceremonies included multiple speeches and a formal singing of the sanctioning document.
This project "allows us as Newfoundlanders and Labradorians to stand tall on the national stage," Dunderdale said.