Canada's supply chain is still feeling the impacts of the pandemic and the Government of Canada is committed to addressing this by strengthening Canada's supply chains and trade corridors, which will grow the economy and mitigate global inflation.
Today, the Minister of Transport, the Honourable Omar Alghabra, announced $18.3 million in funding for four new projects under the National Trade Corridors Fund, which will help to improve the efficiency of rail networks in Regina and in southern Saskatchewan.
The Government of Canada will invest:
- $1 million to develop a preliminary design to relocate railroad crossings in Regina, Saskatchewan. The City of Regina is contributing the remaining amount for a total investment of $2.4 million
- $13.5 million for a railway grade stabilization project, where extensive railway work will be undertaken on the Canadian Pacific Rail Interchange near Eston, Saskatchewan. Last Mountain Railway will contribute an equal amount for a total investment of $27 million
- $1.6 million for a new pre-interchange yard on the Canadian Pacific Railway Interchange near the town of Assiniboia, Saskatchewan, which will increase operating interchange capacity, allowing increased traffic flow and improved fluidity. Great Western Railway will contribute an equal amount for a total investment of $3.2 million
- $2.2 million to build 12,000 feet of additional track to address congestion issues at the interchange between the Stewart Southern Railway and Canadian Pacific in Lajord, Saskatchewan. Purely Canada Foods will contribute the remaining funding toward the project for a total investment of over $6.5 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 keep Canadian supply chains competitive. This is part of the Government of Canada's long-term commitment to work with stakeholders on strategic infrastructure projects to address transportation bottlenecks, vulnerabilities, and congestion along Canada's trade corridors.
Provincial, territorial, and municipal governments, Indigenous groups, not-for-profit and for-profit private-sector organizations, some federal Crown corporations, and academia are all eligible for funding under the National Trade Corridors Fund.
