Pablo Rodriguez, Canada’s Minister of Transport and Quebec Lieutenant, announced a US$110 million (CA$150 million) investment under the National Trade Corridors Fund to construct a new box terminal in the port of Montréal.
The new terminal is expected to boost the port’s container capacity to accommodate the growing demand for cargo transportation while also assisting in the smooth running of the port. The following features will be included in the new terminal’s construction: a 675-metre-long dock, including a ship approach area, a rail network connecting to existing Canadian National Railway (CN) tracks, including a railway transfer point and freight transfer hub, road access to connect the terminal to the public network, a container handling yard, as well as operations and administrative buildings.
“The Port of Montreal is an economic driver for the province of Quebec and Montreal, and a key element of our national supply chain. By supporting the Port in its expansion project in Contrecœur, we continue our efforts to strengthen Canada’s supply chain. This is important so that we never again have to go through product shortages as we experienced during the pandemic, or the significant price increases that came along with them,” stated Pablo Rodriguez.
These enhancements will boost ties between Canada and global markets while also providing Canadian businesses with the port infrastructure they require to compete.
The new terminal, when finished, is estimated to boost the yearly value of imports and exports processed at the port, earning up to US$100 million per year across the country. Furthermore, this proposal would expand the Port of Montréal’s overall capacity by 55%.
The Government of Canada continues to invest in order to strengthen the country’s supply chain, increase economic development, and provide additional chances for our firms to expand worldwide.
“This concrete action reflects the government’s confidence and allows us to consolidate this project at a critical stage in its development,” said Geneviève Deschamps, interim President and CEO of Montréal Port Authority.
