A well-functioning supply chain is critical for Ontario and Canada's economy. The Governments of Canada and Ontario are committed to ensuring our supply chains are efficient and reliable to support economic growth, as well as resilient and adaptable to the impacts of climate change.
Today, the federal Minister of Transport, the Honourable Omar Alghabra, and federal Parliamentary Secretary to the Minister of Labour, Terry Sheehan, announced an investment of up to $10.5 million under the National Trade Corridors Fund to the Huron Central Railway Inc. for an infrastructure investment in Northern Ontario. The Member of Provincial Parliament for Sault Ste. Marie, Ross Romano, announced additional funding of up to $10.5 million from the Government of Ontario. Combined with contributions from Huron Central Railway Inc., the total investment in the project is $31.5 million.
The funding will support the rehabilitation of key rail infrastructure to improve the usable life of the track and support Huron Central Railway Inc. in sustaining operations as a viable freight service between Sault Ste. Marie and Sudbury. Improving railway infrastructure will increase the fluidity and reliability of rail service for Northern Ontario while reducing the travel time of railcar traffic.
This investment will have important benefits for the region, such as increasing carload volumes in commodity sectors, relieving ongoing supply chain congestion, and improving the reliability of rail service in Northern Ontario.
The Governments of Canada and Ontario are investing to help bolster economic capacity and the opportunities for our businesses to expand into global markets. This represents a long-term commitment to work with stakeholders and partners on strategic infrastructure projects to address transportation bottlenecks, vulnerabilities, and congestion along important trade corridors.
