Transport Canada announced an investment of up to $22.7 million to support improvements for the Welland Canal under the National Trade Corridors Fund.
“Investing in the rehabilitation of existing infrastructure to improve the quality and the efficiency of our supply chains is crucial to Canada’s economic success and sustainable development. Our government’s investment in the Niagara region will help ensure that the supply chains here in Ontario and throughout our country remain efficient and reliable for future generations,” said Omar Alghabra, Minister of Transport.
The $45.3 million project will support the St. Lawrence Seaway Management Corporation in the reconstruction and rehabilitation of three wharves located at the Welland Canal in Port Colborne, Ontario. The project aims to revive these wharves, which are currently out-of-service, to support operations and increase capacity of the trade corridor.
“This announcement brings the world to Port Colborne – a game changer for Niagara. The dynamic resources of the Niagara Region are being rediscovered as we chart our future economic path. New business and new opportunities are being created on once-abandoned lands along the Welland Canal and today our government is taking a bold step in strengthening the Niagara Ports Trade Corridor while also opening the door to an expansion of Niagara’s world class tourism market,” said Vance Badawey, MP for Niagara Centre.
“The St. Lawrence Seaway Management Corporation welcomes this support from the National Trade Corridors Fund. We look forward to working with all partners to bring these wharves back into service with the goal of adding more fluidity to Canada’s supply chain and strengthening our connection to global markets. Once the work is completed, capacity to handle freight will increase by a million tonnes per year and new marine shipping opportunities will be created for Canadian exporters, along with a dock for cruise ships and the possibility of reduced greenhouse gas emissions,” said Terence Bowles, president and CEO, The St. Lawrence Seaway Management Corporation.
Featured image: (Transport Canada)