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Quebec to invest US$1.14 billion in infrastructure in Port of Montreal
THE Port of Montreal is investing US$1.14 billion in infrastructure development after receiving funding from the Government of Quebec, to turn the trade gateway into a key cargo port for the eastern part of North America.
According to the development plan, $380 million will be used to improve marine infrastructure, $60 million for modernisation of the road approaches to container terminals, and $300 million for construction of two new logistics centres in the port area, reported Maritime News online.
The port has three container terminals and is already implementing a project worth $135 million to build a new container terminal at Viau under public-private partnerships.
The first phase of the new terminal will be completed in 2016 and will raise capacity of the port for transshipment of containerised cargo to 2.1 million TEU, up from the current 1.4 million TEU.
During the first half of the year, the port handled 692,000 TEU, an increase of 4.8 per cent against the previous year.
The government of Quebec also intends to finance a programme to develop short-sea shipping in the Great Lakes, which is big business for North American trade.
According to the development plan, $380 million will be used to improve marine infrastructure, $60 million for modernisation of the road approaches to container terminals, and $300 million for construction of two new logistics centres in the port area, reported Maritime News online.
The port has three container terminals and is already implementing a project worth $135 million to build a new container terminal at Viau under public-private partnerships.
The first phase of the new terminal will be completed in 2016 and will raise capacity of the port for transshipment of containerised cargo to 2.1 million TEU, up from the current 1.4 million TEU.
During the first half of the year, the port handled 692,000 TEU, an increase of 4.8 per cent against the previous year.
The government of Quebec also intends to finance a programme to develop short-sea shipping in the Great Lakes, which is big business for North American trade.
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