A well-functioning supply chain is critical for Canada's economy. The Government of Canada is committed to ensuring our supply chains are efficient and reliable to support Canada's economic growth while ensuring they are resilient and adapt to the impacts of climate change.
Today, the Minister of Transport, the Honourable Omar Alghabra, Parliamentary Secretary to the Minister of Indigenous Services and Member of Parliament for Niagara Centre, Vance Badawey, and Parliamentary Secretary to the Minister of Canadian Heritage and Member of Parliament for St. Catharines, Chris Bittle, announced an investment of up to $22.7 million to support improvements for the Welland Canal under the National Trade Corridors Fund. This investment will have important benefits for the region, such as relieving supply chain congestion and facilitating the movement of goods at the port.
The $45.3 million project will support the St. Lawrence Seaway Management Corporation in the reconstruction and rehabilitation of three wharves located at the Welland Canal in Port Colborne, Ontario. The project aims to revive these wharves, which are currently out-of-service, to support operations and increase capacity of the trade corridor.
The Government of Canada is investing to help bolster Canada's economic capacity and the opportunities for our businesses to expand into global markets. This 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.
