In a rapidly changing and uncertain world, Canada's new government is focused on what we can control. We are protecting our communities and our country. We are building our economy with major projects and millions more homes. We are empowering Canadians with lower costs and new opportunities to help you get ahead. We cannot control what other nations do, but we can control what we choose to build-and we are building Canada Strong.
Today, the Honourable Wayne Long, Secretary of State responsible for the Canada Revenue Agency and Financial Institutions, visited Port Saint John to highlight Budget 2025's launch of a new Trade Diversification Corridors Fund to strengthen supply chains, unlock new export opportunities, and build a more resilient, diversified economy. This will help Canada transition from an economy reliant on one trade partner to one resilient to global shocks.
Through the new $5 billion Trade Diversification Corridors Fund, we will improve access to overseas markets by investing in new port, airport, and railway infrastructure. The Fund will support projects of all scales, including digital infrastructure, to improve the ability of our imports and exports to travel efficiently across the country and to and from the rest of the world. Canada will be a fast, reliable, and indispensable global partner. This Fund will also be supported by the Canada Infrastructure Bank in assessing projects and determining the appropriate mix of government supports.
The Trade Diversification Corridors Fund forms part of our new Trade Diversification Strategy. Building on Canada's world-class agreements and partnerships, the Trade Diversification Strategy will double overseas exports over a decade, generating $300 billion more in trade. To do this, Canada must focus on growing areas of key competitive advantage and supercharging engagement with the world's fastest growing markets.
These bold new investments in trade and transportation infrastructure projects through Budget 2025 will help Canada deepen its trade relationships with reliable partners, moving our economy from reliance to resilience and creating thousands of good-paying jobs in every region of the country.
