The Montreal Port Authority (MPA) will receive C$75m ($54.8m)toward its expansion project in Contrecoeur from the Government of Quebec. The funding was announced this week by the province’s finance minister as part of Quebec’s 2023-2024 budget.
“This contribution will allow us to continue the work required to develop the new container terminal in Contrecoeur,” said Martin Imbleau, President and CEO of the MPA, “and to participate fully in economic development, in a context where, with the recent crises that have affected supply chains and the economy, it is more necessary than ever to put in place the trade infrastructures that are critical for the future. This move by the Quebec government will consolidate a strong link in the St. Lawrence corridor for several decades to come.”
The Contrecoeur terminal is expected to begin operations by the end of 2026. The two-berth container terminal will be equipped to handle 1.15m TEUs per year.
- Sponsored Ads -
