Canada invests $14M in Port of Oshawa expansion
by CM Staff
The Hamilton-Oshawa Port Authority will contribute $16 million, which brings the total investment to $30 million.
OSHAWA — Canada’s Minister of Tranport, Omar Alghabra has announced an investment totalling a near $14 million for an expansion project at the Port of Oshawa.
In addition to funding from the Canadian government, the Hamilton-Oshawa Port Authority will contribute $16 million, which brings the total investment to $30 million.
Tranport Canada says the investment will be used towards the construction of new infrastructure to help modernize operation’s in the port’s main area and improve its prospects for growth. The port also plans to expand its marine infrastructure by upgrading storage and container terminals, as well as extending and paving roads in the harbour. Transport Canada believes the expansion will boost grain exports and improve the fluidity of deliveries.
A statement from the Government of Canada says funding this project comes as part of its larger goal ensure the country remains competitive in key global markets and a reliable trading partner at the international level.
“This project represents a major opportunity to increase capacity to import and export goods in and out of Ontario through the Port of Oshawa. By supporting the Hamilton-Oshawa Port Authority, we will improve the movement of goods across Canada’s transportation networks and keep Canadian supply chains competitive,” said Alghabra in a statement.