Canada Backs Port Saint John Modernization Project

Canada Backs Port Saint John Modernization Project

Canada has set aside CAD 68.3 million (USD 53.8m) of federal funds to finance a portion of a CAD 205 million project to modernize Port Saint John’s Westside terminals.

Port Saint John will be responsible for securing all the remaining funding necessary to complete the project and for any cost overruns.

The project involves improving and consolidating the Rodney and Navy Island terminals to allow the port to accommodate larger vessels. New operational systems and technology will also be installed to enhance cargo-handling capabilities.

The project covers a 60-acre area: 25 acres will be transformed into container storage, 10 acres into a multipurpose yard, and the rest will be used for terminal access roads, stevedoring operations, trans-loading and cargo-consolidation warehouses, and lay-down areas for break-bulk and project cargoes. The main channel at the port will also be deepened from 8.4 to 10 meters as part of the project.

Port Saint John is a year-round, deep water port that handles an average of 28 million tonnes of diverse cargo annually. It also harbours cruise ships in the Canada–New England market.

The federal funding is conditional on the project meeting applicable federal eligibility requirements with respect to the New Building Canada Fund, and the signing of a contribution agreement.

This is the first announcement under the CAD 4 billion National Infrastructure Component of the New Building Canada Fund in New Brunswick.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Maritime Information Warfare 2017

Maritime Information Warfare will focus on the growing need for navies to develop their information exploitation capabilities…

read more >

INTERNATIONAL GREEN SHIPPING AND TECHNOLOGY SUMMIT

The Summit will gather key marine experts and companies around the globe which have a big influence in the industry…

read more >

The CWC 18th Annual World LNG Summit & Awards Evening

The CWC World LNG Summit will continue to give you access to premium networking opportunities as it brings together the who’s who…

read more >

Marintec China 2017

The largest maritime event in Asia Pacific, Marintec China connects maritime professionals from the entire shipbuilding supply chain together.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. 2015 event is another record-breaking edition with the largest exhibition area and the highest number of industry professionals attending ever. The encouraging figures proven that China remains one of the major shipbuilding nations and Marintec China has been the most authoritative platform in Asia.

With the maritime industry facing great opportunities but also many challenges, it is important for the industry to connect and engage more to ultimately win new business in globally-significant markets. A visit to Marintec China is a great way to learn about the latest technology and innovation of the supply industry, a platform for industry professional to meet face to face, make connection and do business.

Marintec China is poised to be the definitive event and is undoubtedly a must-attend for all involved in the maritime industry.

Marintec China will be held from 5 to 8 December 2017 at the Shanghai New International Expo Centre in Shanghai, China and continue its dedication to serve as the “LEADING” platform “CONNECTING” the community and “STRENGTHENING” the maritime industry.

Marintec China offers the perfect opportunity for companies serving the maritime market to showcase their innovations, products and services to a wide audience. A platform for face to face meetings in business, creating new relationships and consolidating existing ones.

More info

read more >