The Government of Canada is committed to strengthening Canada's supply chains at Canadians ports. The 2022 Fall Economic Statement builds on investments to grow Canada's economy and create the good middle class jobs that Canadians will count on for generations to come.
Today, the Minister of Transport, the Honourable Omar Alghabra, announced up to nearly $5 million in funding under the National Trade Corridors Fund for the Building Capacity in Canada's Steel Supply Chain project. The close to $10 million total project will be undertaken by the Hamilton-Oshawa Port Authority and will relieve supply chain congestion at the Port of Hamilton.
With today's investment, the Hamilton-Oshawa Port Authority will be able to enhance the transfer of steel products between various vehicles at the Port. By creating new interconnections between marine, rail and road, this project will increase the efficiency and the resiliency of the supply chain in the region.
The Government of Canada is investing in efficient trade corridors to help Canada compete in key global markets, trade more efficiently with international partners, and keep our 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.
