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Canada’s Montreal port to develop new container terminal

Canada’s Montreal Port Authority (MPA) has signed a memorandum of understanding with the Canada Infrastructure Bank (CIB) to advance the project development of a new container terminal in Contrecoeur.

The objective of the new container terminal is to continue to enable importers and exporters to get products to market timely and to support Canada’s economic growth and international trade.

The terminal in Contrecoeur would enhance the port’s infrastructure that supports the flow of goods from containerships and increases current and future capacity for the next decades.

The port of Montreal is the only container port in the province of Quebec and the largest port in Eastern Canada. In 2018, the port handled more than 1.7m teu.

“This commitment by the CIB is a key milestone in the progress of our project towards its completion. This collaboration with this new partner confirms the national importance of our project, whose purpose is to support the growth of international trade for Canada,” said Sylvie Vachon, president and ceo of MPA.

Read more: PSA acquires giant boxship-capable Halterm terminal in Canada