COVID-19 crisis.At a press conference on Thursday, ministers Pierre Fizgibbon (economy and innovation), Eric Girard (finance) and Caroline Proulx (tourism) announced that $446 million of the $750 million will be for the creation of PACTE, a loan program for tourism businesses.According to officials, loans borrowed by the tourism sector will not have to be repaid for 24 months and 25 per cent of the amount borrowed will be forgiven (with a maximum up to $100,000).The Quebec government also took the opportunity on Thursday to encourage Quebecers to travel locally this summer and support provincial tourism.
Three other measures were announced to boost the tourist economy, which will cost the government $20 million of the $750 million.[ Sign up.