Canada’s trade moves through many of our federal transportation assets, such as the St. Lawrence Seaway, major ports, airports, and land border crossings. These assets are crucial to the country’s trade and economic competitiveness.
In this era of rapidly moving global supply chains, federal assets are part of a transportation system that must be reliable, efficient and resilient to various stressors, including climate change and extreme weather.
For this reason, Canada will invest more than $300,000 in two projects at the Port of Vancouver to strengthen its transportation system and better prepare for climate change and extreme weather events.
Through the Transportation Assets Risk Assessment initiative, the Vancouver Fraser Port Authority is receiving funding for two important projects.
- The Government of Canada is providing $49,000 for the Climate Risk Assessment Criteria and Methodology for Assessment of Risk due to Sea Level Rise and Flooding in Vancouver. For this project, the Vancouver Fraser Port Authority will develop specific infrastructure risk assessment criteria and methodology for assessment of risks related to climate change. The project will quantify risks related to Vancouver Fraser Port Authority assets;
- The Government of Canada is also providing $254,430 for the Fraser River Climate Risks Project. The Vancouver Fraser Port Authority will perform coastal flood hazard and risk assessment for the Port’s assets along the Fraser River.
By funding projects that assess climate risk, Transport Canada is taking action to protect Canadians and their communities from the effects of climate change while enhancing the resilience of the transportation system.