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North American Port Gets Major Investment

North American Port Gets Major Investment

The Government of Canada has announced a USD $4.5 million investment for a project in the Sarnia-Lambton corridor and Port of Sarnia, which is aimed at expanding the country’s access to international markets.

According to the Minister of Transport, the improvements will include a new docking facility at the Port of Sarnia to move oversized loads between the transport trucking and marine shipping industries operating through the Great Lakes and St. Lawrence Seaway systems.

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Additionally, a new 26.7 km route will be built to help local industrial manufacturers transporting oversized loads to the port improving the performance of the transportation system and increasing the volume of goods exported from Canada to overseas markets.

“Our government is investing in Canada’s economy by making improvements to our trade and transportation corridors,” Marc Garneau, Minister of Transport said in a statement.

“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.”

The United States is Canada’s main trade partner with $558.2 billion in trade ($329.5 billion exported, $228.7 billion imported) in 2018. Since 2015, trade with Asia has increased by 18.9% to $145 billion and trade with the European Union grew by 19%to $89 billion in 2018.

Through the Investing in Canada infrastructure plan, the Government will invest over $135.5 billion over a 12 years period in public transit projects, green infrastructure, trade and transportation routes.

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