The merger aims to improve port efficiencies and planning in the region. A certificate of intent to amalgamate, which formally announces the Government’s intent, will be published in the Canada Gazette, Part I on February 9, 2019.
The amalgamation indicates an opportunity to leverage the emerging business opportunities and increase economic growth, as well as develop the supply chain in this densely populated region. The integration of port activities in Oshawa and Hamilton is expected to boost investment and trade opportunities.
The publication of the certificate of intent in the Canada Gazette, Part I will mark the start of a 30 day consultation period. Interested parties will have until March 11, 2019 to submit comments. After the consultation period, the Government may decide to confirm the merger through the publication of a certificate of amalgamation in the Canada Gazette, Part II.
Speaking about this development, Marc Garneau, Minister of Transport, said:
Combining both port authorities together would allow the new entity to support growth and enhance the Southern Ontario region’s connectivity to global markets. The Government of Canada is committed to the long-term sustainability of port operations in the region