Subjects: ECO, POL, CFG
The Government of Canada invests in transportation infrastructure at the Port of Montréal to move Canadian goods to market
MONTREAL, May 14, 2018 /CNW/ - The quality of Canada's transportation infrastructure and the efficiency of the country's trade corridors are key to the success of Canadian firms in the global marketplace. The Government of Canada supports infrastructure projects that create quality middle-class jobs and boost economic growth.
The Honourable Marc Garneau, Minister of Transport, today announced major funding of $45.8 million for road infrastructure in the City of Montréal adjacent to the Port of Montréal. The investment will improve the fluidity and efficiency of the road network and will help local businesses and the port compete by transporting their local goods to market and by improving road infrastructure.
The project provides a direct link between the Port of Montreal and highway to reduce congestion on Notre-Dame Street and ensure containers continually move from the terminals. The work will involve extending De l'Assomption Boulevard between Notre-Dame and Pierre-de-Coubertin streets, making it possible to connect a new road at the port exit to the future extension of Souligny Avenue. A road link will be created between the port and the Trans-Canada highway. The project is expected to have significant economic and employment benefits by creating approximately 460 jobs during construction.
The Government of Canada is supporting infrastructure projects that contribute most to Canada's continued success in international trade. For example, projects being funded will:
- support economic activity and the physical movement of goods or people in Canada;
- help the transportation system withstand the effects of climate change and make sure it is able to support new technologies and innovation;
- address transportation bottlenecks and congestion along Canada's trade corridors; and
- increase the fluidity of Canadian trade around the world through our ports, airports, roads, railways, intermodal facilities, bridges and border crossings.
Provincial, territorial and municipal governments, Indigenous groups, not-for-profit and for-profit private-sector organizations, federal Crown Corporations, Canadian Port Authorities, and National Airport System Airport Authorities are all eligible for funding under the National Trade Corridors Fund.
Quote
"Our government is investing in Canada's economy by making improvements to our trade and transportation corridors. We are supporting projects that will efficiently move commercial goods to market and people to their destinations, stimulate economic growth, create quality middle-class jobs, and ensure that Canada's transportation networks remain competitive and efficient."
The Honourable Marc Garneau
Minister of Transport
"Transportation and distribution of goods are essential to our local, regional and national economies. The investment announced here today will make our transportation system stronger by addressing urgent capacity constraints at the Port of Montréal and fostering long-term prosperity for our community."
Marc Miller
Member of Parliament for Ville-Marie - Le Sud-Ouest - Île-des-Soeurs and
Parliamentary Secretary to the Minister of Infrastructure and Communities
Quick Facts
- Canada's trade with the Pacific Rim is no longer limited to the west coast: in 2006, trade with Asia in 2006 was a small part of the Port of Montreal's market, by 2016, it represented 25% of traffic at the port. This project will improve the efficiency and capacity of the Port of Montréal and the connected trade corridor, to strengthen Canada's competitiveness.
- At rush hour, nearly 3,500 vehicles transit to the Dickson and Notre-Dame intersection.
- The three container terminals in the east of Montréal generate nearly 3,600 daily truck movements.
- Transportation is an important element of Canada's trade with other countries. In 2017, total international merchandise trade amounted to $1.1 trillion. The United States continued to be Canada's top trade partner, with $703 billion in trade ($415 billion exported, $288 billion imported), accounting for 63.5 per cent of total Canadian trade in 2017.
- The Government of Canada places a strong emphasis on exports because of the connection between trade and good, well-paying jobs, as industries that are export-intensive pay wages that are, on average, more than 50 per cent higher than industries that are not.
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Backgrounder
National Trade Corridors Fund
The $2 billion National Trade Corridors Fund is one component of the $180 billion Investing in Canada Plan, the Government of Canada's strategy for addressing long-term infrastructure needs in Canada and supporting middle-class growth and well-paying jobs. The quality of Canada's transportation infrastructure and the efficiency of the country's trade corridors is key to the success of Canadian firms in the global marketplace.
The Government of Canada is providing support for well-functioning trade corridors that will allow Canadians to compete in key global markets and trade more efficiently with international partners. It represents a long-term commitment by the Government of Canada to work with stakeholders on strategic infrastructure projects that help to address transportation bottlenecks, vulnerabilities and congestion along Canada's trade corridors.
The National Trade Corridors Fund is also a key element of Transportation 2030, the Minister of Transport's strategic plan for the future of transportation. The development of this vision, including the National Trade Corridors Fund, has been informed by extensive engagement with Canadians from coast to coast to coast, along with insights contained in the 2015 Canada Transportation Act Review report.
The National Trade Corridors Fund is a merit-based program designed to help infrastructure owners and users invest in the critical assets that support economic activity and the physical movement of commercial goods and people in Canada.
A total of $2 billion over 11 years has been allocated for the National Trade Corridors Fund, including up to $400 million in dedicated funding for Northern territorial transportation infrastructure.
Provincial, territorial and municipal governments, Indigenous groups, not-for-profit and for-profit private-sector organizations, federal Crown Corporations, Canadian Port Authorities, and National Airport System Airport Authorities were invited to submit proposals to Transport Canada which were then evaluated against the eligibility criteria for the program.
Types of projects that meet the eligibility criteria include, for example, ports, airports, roads, railways, intermodal facilities, international bridges and border crossings ? assets that are the primary building blocks of the supply chains that enable the physical exchange of goods around the world and also support the critical movement of people and goods in Canada's Northern territories.
In addition to the $2 billion of investments under the National Trade Corridors Fund, the Canada Infrastructure Bank will invest at least an additional $5 billion to address trade and transportation projects.
Associated Links
SOURCE Transport Canada
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