Saint John -The Minister of Transport, the Honourable Omar Alghabra, and the Member of Parliament for Saint-John—Rothesay, Wayne Long, have announced more than $42 million for two new projects under the National Trade Corridors Fund.
These projects will help improve supply chain efficiency for Canadian shippers in Saint John and McAdam, New Brunswick.
The Government of Canada will contribute:
- $21.16 million to upgrade rail terminals in Saint John and McAdam, thereby enhancing the supply chain for Canadian shippers, and providing competitive options and additional capacity. The New Brunswick Southern Railway, a subsidiary of J.D. Irving, Limited, will contribute the same amount, which will bring the total investment of the project to $42.32 million.
- Up to $21 million to the Saint John Port Authority to increase the cargo laydown capacity of the West Side Terminal, to enhance the crane capabilities of the terminal, and add to allow wheeled cargo capabilities. As the applicant, the Saint John Port Authority will contribute $4.2 million, and the Province of New Brunswick will invest $16.8 million, which represents a total investment of $42 million.
Through the National Trade Corridors Fund, the Government of Canada is investing in well-functioning trade corridors to help Canadians compete in key global markets, trade more efficiently with international partners, and to keep Canadian supply chains competitive. It represents a long-term commitment to work with stakeholders on strategic infrastructure projects to address transportation bottlenecks, vulnerabilities, and congestion along Canada’s trade corridors.
The investments in additional capacity expansion at Port Saint John were strongly welcomed by Canadian Pacific.
“The need for additional capacity at Port Saint John is driven by CP’s successful return to Atlantic Canada through our acquisition of the Central Maine and Quebec Railway, which now connects Atlantic Canada to Montreal, Toronto and the U.S. Midwest with a more seamless route operated by a Class 1 railway that is 200 miles shorter than other shipping options,” the railway said.
« CP is excited to be back in Atlantic Canada and proud of the much-needed competition our return has brought to the freight transportation market in New Brunswick, » said Keith Creel, CP President and CEO. « The additional investment announced today by the federal government and the Province of New Brunswick will make a significant impact for Port Saint John and for Canada’s supply chains. The funding will bring Port Saint John’s capacity up to 800,000 TEUs, almost tripling the Port’s existing capacity. »
CP also applauded the Government of Canada’s decision to invest in improving the rail infrastructure along the New Brunswick Southern Railway, a critical link between Port Saint John and CP’s North American rail network via the Central Maine and Quebec Railway (CMQ). (Photo Port Saint John)