The Québec Port Authority recently announced the signing of memorandums of understanding with seven major partners from the transportation and research sectors to advance the port expansion project.
The Port of Québec is a deep-water port at the head of the St. Lawrence/Great Lakes trade corridor. The expansion project, named Laurentia, has a core investment of $775 million for construction. The project is expected to provide 1,000 sustainable jobs related to the terminal operation, with a further estimated $100 million of annual economic impact.
The memorandums link the port project together with Hutchison Ports, the Port of Rotterdam, Canadian National Railway, PortXL, Québec International, Université Laval, and Québec City. The new logistics services supply chain associated with the new deep-water container terminal will create a launchpad for Quebec-based enterprises to reach world markets. For example, Hutchison Ports, with its international network that spans 52 ports in 27 different countries, will help connect and promote Québec-based technologies and innovation enterprises with opportunities around the world.
In terms of innovation and technological development, the project will benefit from the presence of Université Laval and research chairs recognized in Quebec for the advances they have made in the fields of artificial intelligence, supply chain optimization and green technologies in maritime transportation.
“It is a source of great pride for the Port of Québec to be associated with these strategic partners of international scope as this confirms the essential role of the Québec City region as a hub for intelligent intermodal transport at the confluence of a maritime network connecting the main international markets,” said Mario Girard, president and CEO of the Québec Port Authority. “These agreements further recognize the highly coveted expertise of our academic institutions and that of our businesses in accelerating innovation and contributing to the advancement of the maritime and logistics sector on a global scale.”
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Featured image credit: Port of Québec.