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Canada announces $102 million in funding to propel Port of Vancouver

PortandTerminal.com, July 23, 2019

The Federal government announced a major investment of $102 million for five projects that will increase efficiency at the Port of Vancouver and move Canadian goods to international markets.

VANCOUVER, BC – The Canadian Minister of Transport, Marc Garneau, announced today $102 million in funding to improve efficiency and alleviate congestion at the Port of Vancouver, to “move goods to market and create 2320 jobs during construction”.

Five key projects

The funding announced today is intended for five key projects at the Port of Vancouver:

  1. $42.7 million to consolidate the operations of the Annacis Auto Terminal and the Richmond Terminal to accommodate the growing Asian automobile market and improve rail operations in the area.
  2. $12.2 million to improve road and rail traffic operations and develop new rail-serviced bulk export marine terminals within the Fraser Surrey Port Lands.
  3. $39.4 million to improve traffic flow and reduce congestion in the Portside/Blundell corridor in Richmond.
  4. $1.6 million to explore ways to handle increased trade volumes by evaluating the viability of short sea shipping in Greater Vancouver.
  5. $6 million to develop a real-time dashboard for the Ports of Vancouver and Prince Rupert to measure end-to-end performance of the supply chain for all cargo moving through both ports.

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