Sorel-Tracy – The Government of Canada is investing in strategic infrastructure projects to strengthen supply chains and make life cost less.
President of the Treasury Board and Minister of Transport, Anita Anand, announced up to $38 million for seven projects under the National Trade Corridors Fund. These investments will reduce capacity constraints and bottlenecks, making it easier for goods to move quickly.
By enhancing infrastructure and improving efficiency, these investments will also support economic growth in the province of Quebec and in the regions along the St. Lawrence River. Projects include:
- The Montreal Port Authority will increase export capacity for Canadian containerized grains
- QSL International Ltée will develop an industrial-port zone in the cities of Sorel-Tracy and Saint-Joseph-de-Sorel thereby increasing trade volumes
- The Quebec Port Authority is undertaking several key projects, including:
- Expanding the terminal storage space at Pier 103
- Relocating essential infrastructure for the electrical supply of the L’Anse au Foulon sector (Pier 104 and 105)
- Enhancing the capacity and efficiency of the estuary rail yard
- Finalizing an agreement for the development of a new dry bulk and cargo terminal behind pier 108 in the Anse au Foulon sector
- The Saguenay Port Authority will establish a new storage area in the southwest sector of the Terminal
The Government makes investments to strengthen the country’s supply chains, promote economic growth, and enhance the opportunities for our businesses to expand into global markets, which helps make life cost less for Canadians.
Also, Terry Sheehan, MP for Sault Ste. Marie, and Parliamentary Secretary to the Minister of Labour and Seniors, today announced an unconditionally repayable FedNor investment of $47,752 in the Masters Fibre Mill and Alpaca Farm. The announcement was made on behalf of the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor
The funds will be used to acquire new machinery and hardware and to receive relevant training, and to upgrade facilities. Specifically, Masters Mill will purchase an automated 3D knitting machine, which will allow the business to expand product offerings, increase revenues, and reach new markets. The equipment will support the creation of products such as knit sweaters, toques, and mitts, making Masters Mill the only company in Canada producing those items using only Canadian fibre.
The FedNor funds announced today are provided through the Targeted Manufacturing Initiative for Northern Ontario (TMINO), which helps existing Northern Ontario manufacturers upgrade and improve capital equipment used in manufacturing processes, including information and communications technology, to improve their competitiveness and productivity.