Montréal funding to boost economy

Port of Montréal New funding aims to optimise the Port of Montréal’s rail network capacity
Industry Database

The Port of Montréal will receive CAD$18.4m in government investment to help create more ‘middle class’ jobs and help local businesses compete by moving commercial goods to market.

A major goal of the funding from the Government of Canada is to optimise the Port of Montréal’s rail network capacity, particularly in the port’s interchange zone. The work is expected to include relocating underground and above-ground infrastructure, relocating and constructing the port’s new road, and building new rail lines in a bid to eliminate bottlenecks, while increasing the flow of rail traffic and the Port of Montréal’s competitiveness.

The Honourable Marc Garneau, Minister of Transport announced the funding and commented: ““Our government is investing in Canada’s economy by making improvements to our trade and transportation corridors. We are supporting projects that will efficiently move commercial goods to market and people to their destinations, stimulate economic growth, create quality middle-class jobs, and ensure that Canada’s transportation networks remain competitive and efficient.”

Addressing capacity

Urgent capacity constraints at the Port of Montréal will also be addressed by the funding, stated David Lametti, Parliamentary Secretary to the Minister of Innovation, Science and Economic Development and Member of Parliament for LaSalle—Émard—Verdun.

The rail ‘Optimisation du réseau intermodal Project’ is being managed by the Montréal Port Administration in partnership with the Ministère des transports du Québec.

A one-stop transportation data hub providing Canadians and transportation partners with easy access to high quality, accurate and timely data on transportation, such as traffic, performance and capacity, is being created by the Government of Canada to help move goods more efficiently across supply chains and allows Canadian businesses to reduce their costs and transit times.

LATEST PRESS RELEASES

Intermodal Europe 2018 steers the way for the global container shipping industry

With the global container shipping market currently estimated to be worth $4 trillion and representi... Read more

A TRADITIONAL TMS, WE DON'T THINK SO

1-Stop Connections (1-Stop) is the industry leader in solving supply chain challenges to speed upthe... Read more

Arctic Route: an historic milestone for SOGET and S)ONE

On September 6th, at the Radicatel Terminal which is located between Le Havre and Rouen, the special... Read more

SOMACOM chooses TGIBOX to access to a real time geolocalization of its CHE

Since the beginning of June, SOMACOM is operating TGIBOX with 4 Straddle Carriers on the container t... Read more

KRIBI port chooses OSCAR Terminal Operating System !

To achieve its ambition to become an essential logistics platform in the Central African region, the... Read more

World’s smartest digital port with Northern collaboration:

World’s smartest digital port with Northern collaboration: Largest multipurpose port in Finland adop... Read more

View all