Montréal funding to boost economy
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.”
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.
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