Canada invests $254M in Saint John Trade Corridor

Steven MacKinnon, Canada's Minister of Transport and Leader of the Government in the House of Commons, has announced an investment of up to $254 million through the Trade Diversification Corridors Fund to support the Saint John Trade Corridor project.

In partnership with the Government of New Brunswick’s Regional Development Corporation, the Saint John Port Authority, New Brunswick Southern Railway, and the New Brunswick Department of Transportation and Infrastructure, this investment is set to implement a series of targeted improvements to unlock the Port's potential, enabling it to handle between 850,000 and 1 million twenty-foot equivalent units annually along the Atlantic coast.

The Saint John Trade Corridor project will expand warehouse capacity, supporting higher-value cargo and lower dwell-times. Also, dredging and marine service upgrades will increase tidal windows, reduce tide-related delays, and accommodate larger vessels.

Building on recent investments, including over $76 million through the National Trade Corridors Fund (NTCF), this project will improve port operations, strengthen rail connections, and reduce delays in moving goods, Transport Canada concluded.

This story was originally published by Dredging Today. Read the full story at Dredging Today →