Canada backs Saint John Trade Corridor expansion

The Government of Canada will invest up to C$254 million in the Saint John Trade Corridor project.

The funding will come through the Trade Diversification Corridors Fund. The project aims to expand trade capacity and improve cargo flows through Port Saint John.

Several public and private partners will support the development. They include the Government of New Brunswick, Port Saint John and New Brunswick Southern Railway.

The project could raise the port’s annual capacity to between 850,000 and one million TEUs.

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