The Government of Canada is committed to strengthening Canada's supply chains at Canadian ports so Canadians get what they need. The 2022 Fall Economic Statement builds on investments to build an economy that works for all Canadians.
Today, the Minister of Transport, the Honourable Omar Alghabra, announced an investment of nearly $75 million under the National Trade Corridors Fund to increase capacity at the Port of Prince Rupert. With Trigon Pacific Terminals Limited's contribution, the total combined investment in the project would be $163.1 million.
The funding will support the construction of a second berth at the Port of Prince Rupert terminal. This second berth will help reduce congestion, and increase the port's capacity to export products for green energy and other clean commodities. This project will also increase the capacity of the trade corridor linking the Port of Prince Rupert to Western Canada.
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. 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.
