The Government of Canada is committed to strengthening Canada’s trade corridors, which support our supply chains, help grow our economy and ensure its recovery, and create good, middle-class jobs.
Today, the Minister of Transport, the Honourable Omar Alghabra, and the Member of Parliament for Saint-John-Rothesay, Mr. Wayne Long, announced more than $42 million for two new projects under the National Trade Corridors Fund. These projects will help improve supply chain efficiency for Canadian shippers in Saint John and McAdam, New Brunswick.
The Government of Canada will contribute:
- $21.16 million to upgrade rail terminals in Saint John and McAdam, thereby enhancing the supply chain for Canadian shippers, and providing competitive options and additional capacity. The New Brunswick Southern Railway, a subsidiary of J.D. Irving, Limited, will contribute the same amount, which will bring the total investment of the project to $42.32 million.
- Up to $21 million to the Saint John Port Authority to increase the cargo laydown capacity of the West Side Terminal, to enhance the crane capabilities of the terminal, and add to allow wheeled cargo capabilities. As the applicant, the Saint John Port Authority will contribute $4.2 million, and the Province of New Brunswick will invest $16.8 million, which represents a total investment of $42 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 to keep Canadian 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.