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PM announces job-creating investments in the Port of Saguenay
Investment will create vital rail link for regional mining industry
“Quebec’s ports play a vital role in ensuring the constant flow of goods and linking Canada to global markets,” said the Prime Minister. “An important part of Quebec’s maritime transportation system, the Port of Saguenay is no exception. By supporting its development, we are helping to create employment and economic growth in the region and in Northern Quebec.”
Support for the Port of Saguenay will be used toward the construction of a 12.5-kilometre rail link from the Roberval & Saguenay Railway line to the Port, as well as an intermodal rail yard. The new rail link will provide additional transportation options to shippers, and will boost the effectiveness and capacity of port operations. The Government’s contribution to this project is made possible through Transport Canada’s Gateways and Border Crossings Fund, which aims to improve the flow of goods between Canada and the rest of the world.
According to the Port of Saguenay, the improvements, which are expected to be completed by March 31, 2014, are anticipated to generate 125 jobs.
The Port of Saguenay is an important part of Canada’s Continental Gateway, the nation’s busiest trade corridor, carrying over 74 per cent of Canada’s international trade via road, rail, air and marine. Since 2007, the federal government has committed over $2 billion to projects in Quebec to improve its transportation infrastructure as part of the Continental Gateway.
