The Government of Canada has announced a significant investment of up to CAD $150 million (US $110 million) to construct a new container terminal at the Port of Montreal in Contrecoeur, Québec.
This investment, provided under the National Trade Corridors Fund, aims to enhance the efficiency and reliability of the transportation system and strengthen Canada’s supply chains.
The new container terminal, to be built for the Montréal Port Authority, will increase the Port of Montréal’s container capacity by up to 1.15 million TEUs per year. The construction plans include a 675-meter-long dock with two berths, a rail network connecting to the existing Canadian National Railway (CN) tracks, road access, a container handling yard, and operations and administrative buildings.
The project is expected to generate up to CAD $140 million per year and increase the total capacity of the Port of Montréal by 55 percent.
“By supporting the Port in its expansion project in Contrecœur, we continue our efforts to strengthen Canada’s supply chain,” said Minister of Transport and Quebec Lieutenant, Pablo Rodriguez. “This is important so that we never again have to go through product shortages like we experienced during the pandemic or the significant price increases that came along with them.”
Canada’s National Trade Corridors Fund has been allocated CAD $4.6 billion over 11 years to support the smooth movement of goods and enhance transportation routes for domestic and international trade.
Geneviève Deschamps, Interim President and Chief Executive Officer of the Montréal Port Authority, said the government’s financial support in St. Lawrence-Great Lakes corridor will help to benefit all of Canada. “This concrete action reflects the government’s confidence and allows us to consolidate this project at a critical stage in its development,” she said.
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