Bright Future for Port of Montreal
The Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs, was joined yesterday by Sylvie Vachon, President and Chief Executive Officer of the Montréal Port Authority, to announce a major investment in key enhancements to be made at the Port of Montréal.
The three main components of the project involve expanding container capacity in the Viau sector, deepening vessel berths, and improving truck traffic flow in and around the port.
This work is expected to significantly increase the Port’s handling capacity, facilitate the accommodation of larger vessels, and greatly improve traffic flow for the more than 2,500 trucks that pass through the port daily.
The Port of Montréal will receive up to $43.7 million through the National Infrastructure Component of the New Building Canada Fund for these key upgrades. This is the first funding announcement under the National Infrastructure Component and the first project to be funded under this program in Québec.
Designed to support projects of national significance that have a strong impact on Canada’s economic well-being, such as transportation and trade corridors, the National Infrastructure Component is a vital part of the federal government’s New Building Canada Plan.
“With the New Building Canada Fund, our Government’s support for public infrastructure has never been stronger. We are committed to investing in priority infrastructure projects that focus on creating jobs and promoting long-term prosperity across Canada. Enhancing the Port of Montréal’s capacity and efficiency will encourage economic growth for businesses and residents in the region and greatly contribute to the global competitiveness of the nation as a whole,” said Lebel.
The project will help ensure the already very busy port facilities can support growth and meet increasing demand, particularly the additional business expected from the new Comprehensive Economic and Trade Agreement between Canada and the European Union.