Canada Invests in the Future of the Port of Montréal
Montréal, Quebec, September 8, 2009 – Member of Parliament for Lévis-Bellechasse, Mr. Steven Blaney, today announced that the Government of Canada will invest in a project to optimize infrastructure at the Port of Montréal, which will have a positive impact on the region's economic development in the short, medium and long term.
"The participation of the Government of Canada in this important infrastructure project is an investment in the future of the Port of Montréal, and an example of our commitment to stimulate the economy. This investment, like the one we made in the Champlain Bridge, will boost the economy across the Greater Montréal region, as well as save and create jobs," said MP Steven Blaney.
This investment will be used to build a common portal for the entry and exit of trucks at the Port of Montréal. The purpose of the work is to improve port operations, which rely heavily on container shipment through the Port of Montréal and generate a substantial flow of truck traffic in and around the port. The improved truck access through the portal will directly benefit haulage companies and the entire transportation logistics chain. The work will have positive effects on medium and long term economic development, while creating jobs in the short term.
"The construction of a common portal will permit the Port of Montréal to improve the flow of truck traffic and increase its competitiveness. In addition, by significantly decreasing the wait time of trucks, this system will reduce the environmental footprint of port activities," said Ms. Sylvie Vachon, president and CEO of the Port Authority of Montréal. Ms. Vachon added that Montréal is an international port city and that all improvements to the port benefit the city, the region of Montréal and the country as a whole.
The Port of Montréal is a major economic player in the region and also in the broader context of North American and international trade. The federal contribution to this project is not only intended for short-term local economic recovery, but also has significant potential for supporting sustainable economic activity.
The Government of Canada will provide up to $9 million to this project from the Infrastructure Stimulus Fund. The Port Authority of Montréal will assume the balance of the project costs, which are estimated at a total of $18 million.
The new Infrastructure Stimulus Fund, announced in the Government of Canada's Economic Action Plan, is funded at $4 billion. These funds are intended for projects that can begin during the 2009 and 2010 construction seasons.
For additional information on the Government of Canada's Economic Action Plan, please visit Government of Canada's Economic Action Plan.
For more information on investments in infrastructure, visit Investments in infrastructure.
For more information, contact:
Office of Canada's Transport and Infrastructure Minister
Government Caucus of British Columbia
Port of Montréal
The Government of Canada will provide the Port Authority of Montréal with up to $9 million from the Infrastructure Stimulus Fund to build a common access portal for trucks. This project is part of the Port of Montréal's strategic plan, Vision 2020.
The specific work for the construction of a common portal for the entry and exit of trucks includes the installation of infrastructure and equipment for a common access portal, as well as corresponding infrastructure at the entrance of each terminal, implementing tools and technologies designed to optimize movement control, to ensure uninterrupted traffic flow and safety.
Among the anticipated benefits of this project are:
- increased efficient movement of trucks at the port will enhance the capacity, efficiency and competitiveness of both the port and haulage companies, thus alleviating congestion of the local road network; and
- reduced wait times for trucks will contribute to reducing the environmental impact of port operations.
The federal funding will come from the Infrastructure Stimulus Fund pursuant to the signing of a contribution agreement with the Port Authority of Montréal. Under the terms of this new $4-billion pan-Canadian fund, the Government of Canada is targeting projects that can begin and end during the 2009 and 2010 construction seasons. In Quebec, $936 million from this fund has been earmarked for infrastructure projects.
About the Port of Montréal
The Port Authority of Montréal operates the largest inland port in the world. It is a leading container port through which more than 26 million tonnes of merchandise passes each year. More than 1,473,000 TEU containers (twenty-foot equivalent unit) were handled in 2008 by the Port of Montréal. The Port of Montréal also has its own rail network with dockside rail access. The rail network is also linked to two important railway lines as well as a network of highways. The port also operates a grain terminal and a seaport. All other terminals are managed by private stowing companies. Port activity supports 18,200 jobs and generates economic spin-off in the order of $1.5 billion per year.
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