MoU to progress new Canadian terminal
A Canadian port authority has signed a MoU with a financial company to help it develop a new container terminal.
Montreal Port Authority (MPA) signed the MoU with the Canada Infrastructure Bank (CIB) to progress development of a container terminal in Contrecoeur, where the port plans to expand its activities. CIB and MPA will work on the financial structuring of the proposed terminal.
“This commitment by the Canada Infrastructure Bank is a key milestone in the progress of our project towards its completion,” said Sylvie Vachon, president and CEO of Montreal Port Authority.
“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 financial structuring work will include planning and pre-procurement activities for the design, the construction, the financing, the operation and the maintenance of the terminal. CIB’s work could also lead to an investment in the project.
The terminal is expected to enhance the port’s infrastructure, supporting the flow of goods from container ships and increasing current and future capacity for the next decades.
LATEST PRESS RELEASES
Taylor Machine Works, Inc. is proud to announce the release of the ZLC Series. Read more
Bruks Siwertell’s proven technology and delivery capabilities secures new ship loader contract from Martin Operating Partnership
Bruks Siwertell’s proven technology and delivery capabilities secures new ship loader contract from ... Read more
Kuenz recently delivered a rail-mounted container crane to the Netherlands that features a lifting c... Read more
Taylor is proud to announce a new focus on the International markets for heavy industrial lift equip... Read more
The Aqaba Container Terminal (ACT) is the only container port in Jordan and the primary trade gatewa... Read more
Terminal Intermodale Venezia (TIV), part of Hili Company, has gone live with Navis N4 TOS. On Sunday... Read more