The Port of Montreal, the second biggest port in Canada, has announced it will collaborate with a capital development fund Fonds de solidarite FTQ, which will invest $100 million into companies around the port to improve its supply chain.
Speaking about the agreement, Sylvie Vachon, President and CEO of the Montreal Port Authority (MPA) said: “The Port of Montreal is proud to partner with the Fonds de solidarité FTQ, a Quebec economic institution whose socially responsible investment values completely match our vision of economic development, to support businesses based here and elsewhere that want to expand or locate to our area.
Find out how the Port of Montreal is prioritsing safety with a Port Technology technical paper
“Together, we are taking action to foster business development and economic growth while benefiting the Port of Montreal’s logistics chain.”
Gaétan Morin, President and CEO of Fonds de solidarite FTQ, had this to say: “The Port of Montreal already plays a vital role in our economy.
“This new partnership between the Fonds and the MPA will encourage investment in logistics that will improve freight transport efficiency in Greater Montreal and benefit Quebec’s small, medium and large exporters.
“In this way, the Port will help increase exports from Quebec, a goal the Fonds shares with the Quebec government’s Maritime Strategy.”
