Port of Vancouver receives CAN$100 million of federal funding to support trade
Published by Claire Cuddihy,
Assistant Editor
Dry Bulk,
On 23 July 2019, the port authority received over CAN$100 million from the federal government’s National Trade Corridors Fund to support infrastructure projects that will facilitate goods movement to and from the Port of Vancouver.
“As a Canada Port Authority, our job is to make sure the port is ready to handle Canada’s growth in trade, but we are also undertaking a number of projects beyond the port to improve the flow of goods and seek to alleviate the impacts of growing trade on local communities,” said Robin Silvester, president and chief executive officer at the Vancouver Fraser Port Authority. “With this federal funding, we are able to take on five new projects that will enable us to continue this critical work.”
The five funded projects include three infrastructure projects in Richmond and Surrey to reduce interactions between the community and road and rail activities by building overpasses and making other improvements in operations. Additional funding will support two studies that will look at how to move goods more efficiently throughout the Lower Mainland.
“We are pleased to have continued recognition from Minister Garneau and the federal government of the important role this region plays in the country’s economy,” continued Silvester.
“We also want to thank the many stakeholders with whom we have collaborated to bring these projects to this stage, and whose efforts are ensuring a strong economy for our local community and for Canada. They include our local members of Parliament, the provincial government, municipalities, Indigenous groups, and industry partners.”
The funded projects were identified in the Greater Vancouver Gateway 2030 Strategy, a strategic plan developed by the Gateway Transportation Collaboration Forum. The forum is an ongoing collaborative effort to ensure the Greater Vancouver gateway is ready to manage growing trade, and its membership includes Transport Canada, the B.C. Ministry of Transportation and Infrastructure, the Vancouver Fraser Port Authority, TransLink and the Greater Vancouver Gateway Council.
In 2018, the Vancouver Fraser Port Authority received more than CAN$200 million through the National Trade Corridors Fund for projects with similar objectives to those announced.
Read the article online at: https://www.drybulkmagazine.com/ports-terminals/01082019/port-of-vancouver-receives-can100-million-of-federal-funding-to-support-trade/
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