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Ottawa Announces $254 Million For New Brunswick Port Upgrades
The funding will expand warehouses, rail links and customs facilities, and officials say it could raise annual container capacity to 1 million.
- On Wednesday, Transport Minister Steven MacKinnon announced the federal government will invest up to $254 million to upgrade Port Saint John, enhancing capacity at New Brunswick's largest ocean port.
- The investment draws from the $5-billion Trade Diversification Corridor Fund, which stipulates up to 50 per cent federal cost-sharing for provincial, municipal, Indigenous, and private partners upgrading infrastructure.
- Infrastructure upgrades feature a new Canada Border Services Agency container examination facility, reconfiguration of the complex Simms Corner intersection, and upgrade of 103 kilometres of New Brunswick Southern Railway track.
- Jointly filed with the Saint John Port Authority and J.D. Irving Limited, the project aims to dramatically expand capacity to handle up to one million shipping containers annually.
- University of New Brunswick economics professor Constantine Passaris described the expansion as an 'insurance policy,' stating "Plan B is to diversify our exports to go to foreign markets" if U.S. trade deals fail.
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These funds are intended to increase the potential of the port of Saint-Jean.
·Montreal, Canada
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Total News Sources14
Leaning Left8Leaning Right1Center2Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 18%
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