New $33.4M terminal planned for Trois-Rivières
- October 14, 2020
Dubbed Terminal 21, the 100,000 square-metre terminal will be used for the transhipment of dry bulk, liquid bulk and general cargo and includes the construction of a wharf, road and rail access roads, as well as additional storage space.
The terminal will also help improve traffic flow and eliminate the bottlenecks currently facing the port, and allow it to develop a multimodal platform to ensure the efficient transfer of goods between road, rail, and maritime modes.
The Ministry of Transport says the project will create approximately 630 jobs during the construction period. With construction completion planned for December 2023, Gaétan Boivin, president and CEO of the Port of Trois-Rivières, says the new terminal will create 425 direct and indirect jobs and annual economic spin-offs of $36 million.
“Today’s announcement comes in a context where we need to create the conditions for economic recovery. Terminal 21 will increase Port traffic by 1.5 million metric tons with an estimated value of $2.7 billion,” he said.
The funding comes through the National Trade Corridors Fund, which makes investments that support the flow of goods to international markets.
"Our government is investing in Canada's economy by making improvements to our trade and transportation corridors,” said Marc Garneau, minister of transport. “We are supporting projects that will help efficiently move goods to market and people to their destinations, stimulate our economy during the pandemic, create quality middle-class jobs, and ensure that Canada's transportation networks remain competitive and efficient."
While the U.S. continues to be Canada's top trade partner with $752 billion in trade ($447.1 billion exported, $304.9 billion imported) in 2019, a number of recent disputes with the U.S. has made trade with international markets more important. From 2015 to 2019, trade with Asia (excluding the Middle East) grew by 17.9 per cent to $197.7 billion and trade with the European Union grew by 26.7 per cent since 2015 to $125.7 billion in 2019.
"Strategic investments to strengthen transport infrastructure are essential to our economy,” said Minister of Foreign Affairs François-Philippe Champagne “The Port of Trois-Rivières provides transportation links that ensure local companies can get their products to market efficiently, while remaining competitive. These improvements at the Port of Trois-Rivières will help businesses move more products to market."