Canadian Port Unveils Huge Expansion Investment
The Canadian government has announced a US$35.4 million for two major projects to increase capacity at the Port of Halifax to improve connections to international sea lanes and markets.
According to a statement from the Port of Halifax, the first project will specifically increase storage capacity by connecting the South End Container Terminal to the Fairview Cove Container Terminal by rail.
This will include the addition of rail tracks within the Port’s existing footprint and the acquisition of four new rail-mounted cranes to load and unload containers faster and more efficiently.
A recent Port Technology technical paper looked at the effect of shipping on Canada's Inuit community
The Port believes that the result of this project will ultimately be an increase in the transportation of goods by rail between the two terminals and a significant cut in traffic congestion.
The second project will be an upgrade to the Windsor Street Exchange, which is the main access road to the Port of Halifax.
The Port estimates that the investments will create approximately 880 jobs during construction and that it will contribute to the government’s National Trade Corridors Fund, a project designed to increase trade in and out of Canada.
Speaking about the Honourable Marc Garneau, Canada’s Minister of Transport, had this to say: “Our government is investing in Canada’s economy by making improvements to our trade and transportation corridors.
“We are supporting projects to efficiently move 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.”