Montreal gets US$15.7 million to up box capacity 12.8pc to 1.8 million TEU
2012 03 28
- Details
THE Port of Montreal is to receive C$15.6 million (US$15.7 million) in federal funding to raise container capacity to 1.8 million TEU when the project is completed in March 2014, announced Canadian Transport Minister Denis Lebel.
The project will increase the port's container capacity by 12.5 per cent to 1.8 million TEU, reported the Montreal Gazette. Upon completion, the expansion of the port will provide the region with 150 jobs, said the report.
Port CEO Sylvie Vachon said the Maisonneuve Terminal was near its 470,000 TEU annual capacity limit and the expansion would bring it up to 520,000 TEU with the east end Viau Terminal converting its space from bulk to boxes.
Another C$1 million project will be spent on software, 50 per cent of which will also be funded by the federal government and the rest by the Port of Montreal.
The Port of Montreal set an all-time record for cargo volumes in 2011 totalling 28 million tonnes.
Source Shipping Gazette - Daily Shipping News
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