Three Rivers reports positive year-end results
The Three Rivers Port Authority (TRPA) reports positive results for 2017 as it accommodated 168 vessels, including 12 cruise ships. In 2017, traffic at the port decreased by approximately 180,000 metric tons to 2.6 million metric tons of cargo, bringing its profits to C$1.1 million.
While liquid bulk traffic remained stable at 0.3 million metric tons, solid bulk traffic was down by 100,000 metric tons to 2.2 million metric tons and general cargo traffic from 174,000 to 73,000 metric tons. As Gaétan Boivin, President and CEO of the TRPA, explained, “A combination of factors has temporarily affected the traffic of several industries served by the port. We are confident that the situation will recover in 2018. The terminal and the extension of Pier 10, our newest infrastructure, are now fully operational and should begin to reach their potential starting in 2018.”
In 2017, three years ahead of schedule, the port completed its On Course for 2020 modernization plan. The overall project involved investments of C$131.6 million, of which C$49 million was financed by the TRPA, C$22.2 million by the Government of Canada, C$8.2 million by the Government of Quebec and C$52.2 million by the private sector. In 2018, the port will be presenting its next development plan.
In 2017, the Dock 10 extension project increased the terminal’s outdoor storage area to 12,000 square meters, an investment of C$14.8 million. The TRPA has entered into an agreement with Logistec Stevedoring Inc. for the lease and operation of its general cargo terminal, which includes the extension of Dock 10. This terminal includes three warehouses totaling 17,943 square meters and 36,000 square meters of outdoor storage space. With its three vessel berths, as well as excellent road and rail connections, this terminal is a high-quality intermodal platform.
Logistec maintains a fleet of cargo-handling equipment which effectively meets shippers’ needs. Boivin said: “Thanks to these investments; the Port of Three Rivers has become the premier destination for the transportation of general cargo.”