Montreal Port Authority partners in establishing industrial port zone
The President and CEO of the Montreal Port Authority (MPA), Sylvie Vachon; Minister for Maritime Affairs, Jean D’Amour; Mayor of Montreal, Denis Coderre; and the Mayor of the Borough of Mercier–Hochelaga-Maisonneuve, Réal Ménard, announced February 24 signing an agreement to establish an industrial port zone (IP Zone) in Montreal.
The members of the local committee mandated to establish the Montreal Zone IP are: the City of Montreal, the City of Montreal East, the Montreal Metropolitan Community, CargoM and the relevant departments and agencies.
Under this agreement, the government will fund up to 70 percent of costs associated with implementing the related development plan, to a maximum of C$125,000.
In her speech, the Chair of the Montreal IP Zone, Vachon said: “Great opportunities are emerging and they will enable us to increase our traffic. And to seize the growth opportunities, more than ever the port and members of the Montreal supply chain can facilitate a boom of development in a variety of industrial sectors. This is the very basis of an industrial port zone, which the Port of Montreal has belonged to for a long time.
“The development of industrial port zones, as announced this morning, is a perfect fit with our business strategy, which we call Port+. This concept consists mainly of fostering partnerships and providing value-adding services close to port facilities. I often say that a port, like a magnet, attracts the companies and services that benefit from its presence. This has been our business model for years. I can only rejoice that the government is strengthening our efforts.”