Funding Announced for Charlottetown Marine Terminal
- Business & Finance
Sean Casey, Member of Parliament for Charlottetown, has announced funding of over $12 million towards the expansion of the Charlottetown Marine Terminal, the Government of Canada said in their recent announcement.
The Governments of Canada and Prince Edward Island (PEI) are both contributing up to $4 million through the New Building Canada Fund. The Charlottetown Harbor Authority Inc. (CHAI) is responsible for all other project costs.
Commenting the latest news, Mr Casey said: “The Government of Canada understands that strategic investments in infrastructure are crucial to increasing tourism and driving economic growth. The expansion of the Charlottetown Marine Terminal will position Charlottetown and PEI as a top destination for tourists and businesses alike, creating jobs, and providing greater economic opportunities.”
Work includes the expansion of the Charlottetown Marine Terminal South Berth by approximately 270 meters to accommodate two, 330-meter cruise ships simultaneously, while also leaving space for oil tankers and cargo ships.
The larger berth will provide more room for large cruise ships and the growing number of passengers visiting the region each year, improving the experience for tourists as well as those conducting business in the area.