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PM announces funding for South Shore Trade Area
13 October 2009
Vancouver, British Columbia
"The South Shore Trade Area is essential to the trade that flows between Western Canada and our Pacific trading partners," said the Prime Minister. "These improvements along Burrard Inlet will create jobs for Canadians and increase the efficiency of Canada’s Pacific Gateway, ensuring that we are well-positioned to meet the needs of our trading agreements."
In 2008, the South Shore Trade Area processed approximately 29 million metric tons of goods and is expected to process 32 million in 2010. The benefits of this strategic investment will not only improve operations there, but will also extend to grain producers as well as importers and exporters throughout Canada.
The Harper Government will contribute up to $49.7 million of the $125 million investment. Over the past three years, the government has committed almost $1 billion to the Asia-Pacific Gateway and Corridor Initiative.
For more information about Canada's Asia-Pacific Gateway and Corridor Initiative, please visit http://www.pacificgateway.gc.ca.
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