Contrecoeur Port Expansion Deal Inked

Image source: CIB

The Canada Infrastructure Bank (CIB) has just introduced their plan to work with the Montreal Port Authority (MPA) to advance the project development of a new container terminal in Contrecoeur, where the port plans to expand its activities.

The Memorandum of Understanding confirms that CIB and MPA will work on the financial structuring of the proposed terminal, CIB said in their official release. This due diligence will include planning and pre-procurement activities for the design, the construction, the financing, the operation and the maintenance of the terminal.

Pierre Lavallée, President and CEO, Canada Infrastructure Bank, said: “This commitment by the Canada Infrastructure Bank is a key milestone in the progress of our project towards its completion. This collaboration with this new partner confirms the national importance of our project, whose purpose is to support the growth of international trade for Canada.”

The objective of the new terminal is to continue to enable importers and exporters to get products to market in a timely fashion and to support Canada’s economic growth and international trade.

“The terminal in Contrecoeur would enhance the port’s infrastructure that supports the flow of goods from container ships and increases current and future capacity for the next decades,” CIB said in its statement.

The Port of Montreal is the only container port in the province of Quebec and the largest port in Eastern Canada. In 2018 alone, it handled more than 1.7 million containers.

 

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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