Port of Oshawa set for $30M makeover
The federal government has contributed funding of nearly $14 million in support of an expansion project at the Port of Oshawa.
The money will be added to the $16 million being contributed by the Hamilton-Oshawa Port Authority for a total investment of almost $30 million.
The port authority will use the funding to build new infrastructure that will modernize operations in the port’s main area and position it for growth.
Other improvements planned at the port include expanding marine infrastructure, upgrading storage and container terminals, as well as extending and paving roads in the harbour. The project is also expected to increase grain exports and improve the fluidity of deliveries.
“This project represents a major opportunity to increase capacity to import and export goods in and out of Ontario through the Port of Oshawa,” said Transport Minister Omar Alghabra. “By supporting the Hamilton-Oshawa Port Authority, we will improve the movement of goods across Canada’s transportation networks and keep Canadian supply chains competitive.”
The Government of Canada is investing in well-functioning trade corridors to help Canadians compete in key global markets, trade more efficiently with international partners, and keep Canadian supply chains competitive.
Through its National Trade Corridors Fund, the Government of Canada is making investments that will support the flow of goods across Canada's supply chains.
The fund is a competitive, merit-based program designed to help infrastructure owners and users invest in the critical transportation assets that support economic activity in Canada. Under this program, a total of $4.6 billion over 11 years has been announced.
Budget 2022 proposed $450 million 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.