Canadian Minister of Transport invests $38 million in the Port of Argentia

Canadian Minister of Transport invests $38 million in the Port of Argentia

The Canadian Minister of Transport, Omar Alghabra, has announced an investment of up to $38 million under the National Trade Corridors Fund to improve cargo movement at the Port of Argentia.

A dependable and efficient transit infrastructure is critical to connecting communities and establishing an economy that works for all Canadians.

The Government of Canada has stated its intention to keep the Port of Argentia supply networks strong and job-creating, while also making them resilient and adaptive to the effects of climate change.

The existing Fleet Dock terminal will be expanded as part of the project.

READ: Canadian investment group funds $5 billion in DP World’s UAE assets

This development comprises the building of roughly 460 metres of berthing space for three additional berths to handle large vessels, a Ro-Ro ramp to enable container and freight transportation, and an increase in accessible dockside area of around 100,000 metres.

The project will also encourage ecologically beneficial practices such as the use of renewable energy and low-carbon fuels.

These enhancements will allow the port to accommodate additional commerce, improve operations, and boost regional economic growth.

Over a 30-year period, the project is expected to more than triple trade volumes passing through the port.

In April 2023, the Canadian government approved the Roberts Bank Terminal 2 Project in southern British Columbia.

More recently, strikes at Canada’s West Coast ports resumed after dockworkers rejected a tentative four-year wage deal that was initially tentatively agreed upon with their employers, the British Columbia Maritime Employers Association (BCMEA).

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