Canada to invest in Port of Three Rivers

Canada’s government is making a major investment in the Port of Three Rivers. The port handles about 4 million metric tons of traffic each year.

The project includes the reconstruction of Pier 13, construction of a new roll-on/roll-off ramp at Pier 10 and construction of enclosed storage facilities at Pier 19, hangars 24 and 25. These improvements represent a 40 percent increase in outdoor dock storage space, while the enclosed storage capacity for solid bulk will be expanded by 65,000 metric tons.

Canada’s government is making a major investment in the Port of Three Rivers. The port handles about 4 million metric tons of traffic each year.

The project includes the reconstruction of Pier 13, construction of a new roll-on/roll-off ramp at Pier 10 and construction of enclosed storage facilities at Pier 19, hangars 24 and 25. These improvements represent a 40 percent increase in outdoor dock storage space, while the enclosed storage capacity for solid bulk will be expanded by 65,000 metric tons.

The government is committing up to 50 percent of the total eligible costs, to a maximum of C$16.27 million from the Gateways and Border Crossings Fund. This funding is conditional on the project’s meeting applicable federal eligibility requirements and the signing of a contribution agreement.

The port authority will be responsible for the balance of the project funding estimated at C$16.82 million. Additionally, the private sector is expected to contribute nearly C$15 million for the purchase of new equipment at the terminal.

“This investment will enable the port to open a new multifunctional terminal, a project worth approximately C$33.09 million, thanks to the transformation of Pier 13 and the addition of storage space,” said Gaétan Boivin, President and CEO of the Three Rivers Port Authority. “The terminal, strategically located at the heart of the port’s facilities, will increase economic activity for the country and for the region. The new facilities will be able to accommodate multiple projects and all types of cargo: solid and liquid bulk, general and oversized cargo and semi-trailer transport in support of national and international trade.”

Maritime Editorial