Canadian government looking to Asia with infrastructure investments
Nine Asia-Pacific Gateway projects to receive funding following call for proposals
OTTAWA—The Government of Canada has announced a $16.5 million investment in nine Asia-Pacific Gateway transportation infrastructure projects in B.C. that it says will support Asia-Pacific trade and boost the competitive advantages of Canada’s Asia-Pacific Gateway.
“These projects will help create jobs and economic growth in local communities and ensure that the Asia-Pacific Gateway remains North America’s gateway of choice to Asia,” Transport Minister, Lisa Raitt, said.
The investments are part of the Asia-Pacific Gateway and Corridor Transportation Infrastructure Fund, which was launched in 2006 and aims to make Canada’s Asia-Pacific Gateway the best transportation network facilitating global supply chains between North America and Asia.
The government said the investments will address growth by reducing bottlenecks, addressing capacity issues and enhancing the efficiency of the transportation system in moving goods, services and people to and from the fast-growing Asia-Pacific economies.
Most of the projects to receive funding are in and around Vancouver.