Canada: Record Investments in Port of Montreal

Record Investments in Port of Montreal

In 2013, the Port of Montreal had another very good year despite still difficult economic conditions. In fact, it managed to maintain comparable results to those of the last two years, and to put this in context, 2011 was a record year.

The Port of Montreal handled a grand total of 28.2 million tonnes of cargo in 2013, a slight decrease of 0.9% compared to 2012.

The President and CEO of the Montreal Port Authority (MPA), Ms. Sylvie Vachon, reported on the MPA’s activities in 2013 at the annual meeting held on May 13, 2014.

In 2013, MPA facilities benefited from a record investment of $55 million. This money was used to increase their container handling capacity by 13%, to redevelop an area of the petroleum products sector to be able to accommodate larger vessels, and to give Iberville Passenger Terminal a makeover.

The year 2013 was also the post-Panamax year, when the Port of Montreal received authorization to welcome vessels up to 44 metres wide and carrying up to 6,000 containers.

[mappress]

Press Release, May 14, 2014

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