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Carney Pledges New Investment in Montreal Port Infrastructure
Prime Minister Mark Carney pledged on Tuesday to provide new federal investment in Port of Montreal infrastructure and start fast-tracking major projects under recently enacted legislation.
Speaking to reporters as his European tour stopped in Berlin, he said his Liberal government will invest in the Port of Montreal in the suburb of Contrecoeur, Que., where an expansion is slated to begin in September. It was unclear whether the capital injection would be used on the current expansion project there or another one.
According to The Globe and Mail, the federal and Quebec governments have already committed more than $280 million to the expansion, with private partners supplying more than that. But the port’s operator has called for more investment in the $1.4-billion container-terminal expansion, the Globe reported.
It appears that the Montreal investment could become the first project approved under the new fast-tracking legislation, according to The Canadian Press.
The Carney government is expected to announce investments in port projects at Contrecoeur and Churchill, Man., Canada’s northernmost deepwater port, which is located south of the Arctic Circle.
Pictured: Port of Montreal expansion project site in Contrecoeur, Que.
Photo: Port of Montreal
- ◦Development
- ◦Financing
- ◦Economy
- ◦Policy/Gov't



