Federal funding targeting the Port of Hamilton is aimed at enhancing the transfer of steel products at the port. PHOTO courtesy ArcelorMittal Dofasco.
Canada’s Minister of Transport, Omar Alghabra, has announced up to nearly $5 million in funding under the National Trade Corridors Fund to improve that nation’s steel supply chain.
The close to $10 million total project will be undertaken by the Hamilton-Oshawa Port Authority and will relieve supply chain congestion at the Port of Hamilton. With today’s investment, the Hamilton-Oshawa Port Authority will be able to enhance the transfer of steel products between various vehicles at the Port. By creating new interconnections between marine, rail and road, this project will increase the efficiency and the resiliency of the supply chain in the region, according to the federal government.
“Today’s announcement at the Port of Hamilton will help maintain the competitiveness, resilience and fluidity of our supply chain. It will also help build an economy that works for everyone, while creating good jobs,” Alghabra said.
Relieving Supply Chain Congestion at Canadian Ports was a targeted call for proposals under the National Trade Corridors Fund to implement measures to relieve immediate supply chain congestion and facilitate the movement of goods at Canadian ports. Eligible recipients targeted by the call for proposals included Canadian Port Authorities (subject to the Canada Marine Act), organizations supporting supply chain projects, and Canadian Port Authorities partner organizations.
The National Trade Corridors Fund is a competitive, merit-based program designed to help infrastructure owners and users invest in the critical transportation assets that support economic activity in Canada. Under this program, a total of $4.6 billion over 11 years (2017-2028) has been allocated.