Canada invests in Hamilton transload to relieve supply congestion
by CM Staff
The Hamilton-Oshawa Port Authority has committed to undertake the close to $10 million project.
HAMILTON — Canada’s Transport Minister Omar Alghabra has announced funding of up to $5 million under the National Trade Corridors Fund for the Building Capacity in Canada’s Steel Supply Chain project.
The Hamilton-Oshawa Port Authority has committed to undertake the close to $10 million project, and it will also strive to relieve supply chain congestion at the Port of Hamilton.
The Hamilton-Oshawa Port Authority anticipates that the investment will help it enhance the transfer of steel products between various vehicles at the Port. Furthermore, the port authority expects that creating new interconnections between marine, rail and road, this project should increase the efficiency and the resiliency of the supply chain in the region.
The federal government also stated that it is investing in efficient trade corridors to help the country compete in key global markets, trade more efficiently with international partners, and help keep the supply chains competitive. It represents a long-term commitment to work with stakeholders on strategic infrastructure projects to address transportation bottlenecks, vulnerabilities, and congestion along Canada’s trade corridors.
“The Port of Hamilton is Ontario’s largest port and one of the busiest in Canada,” said Alghabra in statement, adding that the investment will help to strengthen the economy and create good paying jobs.
