Wednesday, October 14, 2009

Vancouver Multi Modal Freight Facilities to Receive Investment

Part of ambitious nation-wide plan
Shipping News Feature

CANADA - Prime Minister Stephen Harper announced on Tuesday that the Canadian government is to contribute over C$49 million to a scheme that will improve multi-modal operations in Vancouver’s South Shore Trade Area.

The improvements will form an integral part of the Asia-Pacific Gateway and Corridor Initiative which aims to increase Canada’s Pacific ports competitive edge in the Pacific / North American trade routes.

The initiative is an integrated set of investment and policy measures focused on improving road, rail, air and port facilities across Canada and linking into the United States transport infrastructure. Almost a billion dollars has been allocated to funding the plan.

Speaking of the investment the Prime Minister said: “The South Shore Trade Area is essential to the trade that flows between Western Canada and our Pacific trading partners. “These improvements along Burrard Inlet will create jobs for Canadians and increase the efficiency of Canada’s Pacific Gateway, ensuring that we are well-positioned to meet the needs of our trading agreements.”

The government funds shall form part of a total of $125 million for the Vancouver projects, with additional investment coming from the City of Vancouver, Canadian Pacific Railway, Canadian National and Port Metro Vancouver.