The Government of Canada and Transport Canada announced up to nearly $5 million in funding under the National Trade Corridors Fund for the Building Capacity in Canada’s Steel Supply Chain project. The close to $10 million total project will be undertaken by the Hamilton-Oshawa Port Authority and will relieve supply chain congestion at the Port of Hamilton.
“Today’s announcement at the Port of Hamilton will help maintain the competitiveness, resilience and fluidity of our supply chain. It will also help build an economy that works for everyone, while creating good jobs,” said Omar Alghabra, Minister of Transport.
“As the largest port in Ontario, the Port of Hamilton is the key supply chain gateway for steel and other essential goods that feed the region’s economy. This investment will help to ensure a reliable supply of steel necessary for residential and civil construction projects and for Ontario manufacturers,” added Ian Hamilton, president and CEO of the Hamilton-Oshawa Port Authority.
With the investment, the Hamilton-Oshawa Port Authority will be able to enhance the transfer of steel products between various vehicles at the Port. By creating new interconnections between marine, rail and road, this project will increase the efficiency and the resiliency of the supply chain in the region.
“The Port of Hamilton is Ontario’s largest port and one of the busiest in Canada. Today’s investment will relieve supply chain congestion and help Canada compete in key global markets,” said Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario and MP for Hamilton West-Ancaster–Dundas.
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. 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.
Featured image: (HOPA Ports)
