"The TMT is the top priority in Canada's Long Range Plan for Astronomy and Astrophysics, our roadmap to continued international leadership in this field. Canada's astronomers will point to today's announcement for decades to come as a critical moment in furthering our excellence in the field," said Christine Wilson, president of CASCA and co-chair of the Coalition for Canadian Astronomy.

The TMT is Canadian conceived and designed, along with input from partners in China, India, Japan, the University of California and the California Institute of Technology. The TMT is expected to be "100 times more powerful than the current best telescope," according to the press release.

"Canada has consistently ranked among the top three countries in the world in Astronomy and Astrophysics, and that success is directly linked to our ability to access the top facilities in the world, like the TMT. This is a great day for Canadian astronomy as we have now secured long- term access to what will be the world's most powerful ground-based telescope," said Wilson, according to the press release.

"Canadian astronomers have been responsible for some of the greatest discoveries in this field, and it is our hope that the TMT will inspire a new generation of young Canadians to pursue a career in the sciences. The science TMT will deliver will be transformative for astronomy, both in Canada and around the world. This is a once-in-a-generation project in which all Canadians can take great pride," said Ray Carlberg, Canadian TMT project director, according to the press release.