Feds fund transload facility at Port of Hamilton
The federal government has announced an investment of nearly $5 million to help fund construction of a transload facility at the Port of Hamilton.
Transport Minister Omar Alghabra announced the funding on November 9. The money is being provided under the National Trade Corridors Fund for the Building Capacity in Canada’s Steel Supply Chain project.
“Today's announcement at the Port of Hamilton will help maintain the competitiveness, resilience and fluidity of our supply chain," said the minister.
The project, which is valued at nearly $10 million, will be undertaken by the Hamilton-Oshawa Port Authority and will relieve supply chain congestion at the Port of Hamilton.
The transload facility will enhance the transfer of steel products between various vehicles at the port. By creating new interconnections between marine, rail and road, this project will increase the efficiency and the resiliency of the supply chain in the region.
“As the largest port in Ontario, the Port of Hamilton is the key supply chain gateway for steel and other essential goods that feed the region’s economy,” said Ian Hamilton, President and CEO of the Hamilton-Oshawa Port Authority. “This investment will help to ensure a reliable supply of steel necessary for residential and civil construction projects and for Ontario manufacturers.”
Relieving supply chain congestion at Canadian Ports was a targeted call for proposals under the National Trade Corridors Fund to implement measures to relieve immediate supply chain congestion and facilitate the movement of goods at Canadian ports.
Eligible recipients targeted by the call for proposals included Canadian Port Authorities, organizations supporting supply chain projects, and Canadian Port Authorities partner organizations.