The three main components of the CA$132m (£70.6m) project involve expanding container capacity, deepening vessel berths and improving truck traffic flow in and around the port.
The Port of Montreal will receive up to CA$43.7m through the New Building Canada Fund for the project. The money comes from a fund designed to support projects of national significance that have a strong impact on Canada’s economic well-being, such as transportation and trade corridors.
"This announcement is big news for Montreal,” said Denis Coderre, mayor of Montreal. “This investment will allow the Port to become even more competitive and further expand its global reach. I am grateful to the Port and the Government of Canada for this contribution to the strengthening of our beautiful city.”
The project will help ensure the already very busy port facilities can support growth and meet increasing demand, particularly the additional business expected from a new economic and trade agreement between Canada and the EU. The agreement will open new markets to Canadian exporters throughout the EU and expand two-way trade.
Montreal is the second-largest container port in Canada, after Vancouver, and handles more than 30 million tonnes of cargo.
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