American Feeder Lines wins US$500,279 financing from Nova Scotia
2012 04 17
Details
BOSTON based American Feeder Lines has received a C$500,000 (US$500,279) loan guarantee from the Canadian east coast province of Nova Scotia to help it move containers between Halifax to New England ports of Portland, Maine and Boston, Massachusetts.
"Strong transportation links are the key for exporting our products to international markets, and for economic growth," said Nova Scotia Economic and Rural Development and Tourism Minister Percy Paris.
"This investment will create good jobs and help to make Nova Scotia businesses more competitive," he said.
The province said the investment will support up to 40 local jobs and will strengthen the Port of Halifax's position as a gateway for some 240,000 containers destined for New England, which now move by truck or rail through other ports, reported Canada's Truck News.
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