The Government of Canada has announced an investment of up to $38 million under the National Trade Corridors Fund to improve cargo movement at the Port of Argentia based in Newfoundland.
As explained, the project will expand the existing Fleet Dock terminal. This expansion includes the construction of approximately 460 m of berthing space for three new berths to accommodate larger vessels, a Roll-on Roll-Off ramp to facilitate the movement of containers and cargo, as well as increasing available dockside space by approximately 100,000 m2. The project will also promote environmentally sustainable practices, such as supporting green energy and low carbon fuels.
These improvements will allow the Port to accommodate increased trade, improve operations, and increase economic growth in the region. The project is anticipated to more than quadruple trade volumes moving through the port over a 30-year horizon.
The Government of Canada continues to invest to make the country’s supply chain stronger, to boost economic growth and to create more opportunities for our businesses to grow internationally.
This project will strengthen our supply chain, making the flow of goods to and from Canada more efficient. Through this investment, the Port of Argentia will be able to handle greater trade volumes and enhance its operations.
..said the Honourable Omar Alghabra, Minister of Triansport.
This facility will allow Argentia access to global projects and provide significant spin off opportunities to our local, regional, provincial, and indeed, national economy.
…said Genny Picco, Chairperson, Port of Argentia.
