Transport Canada funds $105M into three airport projects
The federal transport ministry has announced funding of nearly $105 million to support three projects that will help improve supply chain efficiency for airlines across the country.
The funding is being supplemented by NAV CANADA under the National Trade Corridors Fund.
The government is providing up to $31.2 million to improve the technology and infrastructure at four major airports – Montréal-Trudeau International Airport, Toronto Pearson International Airport, Calgary International Airport, and Vancouver International Airport – to enable them to better respond to increased air traffic demand. The project will reduce flying time, decrease aircraft fuel consumption, increase the movement of cargo, and provide more efficiencies to meet the growing demand at these airports.
NAV CANADA is contributing an additional $45.8 million to works, for a total investment of $77 million.
A further $34.5 million is being spent to implement technology to improve air traffic management. The proposed project would also allow for the implementation of drone traffic management services to monitor and control drone operations in Canada's airspace.
NAV CANADA will contribute $50.7 million toward the project, for a total investment of $85.2 million.
Finally, the government is spending $39.2 million to provide new technology to improve the reliability, safety and performance of Canada's air transportation system, especially in the event of extreme weather and in remote communities.
NAV CANADA will contribute $59.7 million toward the project, for a total investment of $98.9 million.
"Our government, through the National Trade Corridors Fund, is making investments that will support the flow of goods across Canada's supply chains now and into the future,” said Transport Minister Omar Alghabra. “These projects will improve the efficiency and flow of air cargo in Canada by reducing bottlenecks at the major hubs which cause delays across the entire aviation network. A more efficient movement of goods is beneficial to Canada's economy and to Canadians from coast-to-coast-to-coast."
The National Trade Corridors Fund is a competitive, merit-based program that is designed to help infrastructure owners and users invest in the critical transportation assets that support economic activity in Canada. The fund supports improvements to Canada's roads, rail, air and marine shipping routes to foster domestic and international trade.
Budget 2022 added $450 million to the fund over five years to support supply chain projects through the National Trade Corridors Fund, which will help ease the movement of goods across Canada's transportation networks.