Canada invests CA$150M for new container terminal in Montreal

The Port of Montreal has received funding from Canada’s National Trade Corridors Fund to build a new terminal aimed at boosting the port’s container handling capacity.

What happened

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Why it matters

The Canadian government is investing CA$150 million (US$110 million) to develop a new container terminal at the Port of Montreal.

The funds will come from the government’s National Trade Corridors Fund, a program that expects to spend $4.6 billion from 2017 to 2028 on transportation-related projects aimed at bolstering Canada’s trade. The terminal itself will be built within the city of Contrecoeur, Quebec, which is about 40 kilometers upstream (24.9 miles) from the port’s existing facilities.

The terminal will include a 675-meter-long (2,215-feet-long) dock, rail tracks that will connect to Canadian railway CN (NYSE: CNI), a container yard, an access road and operations and administrative buildings, according to Transport Canada’s Tuesday announcement.

This news brief is based on reporting published by FreightWaves on 2023-10-12. The original report is linked below.