The government of Quebec has announced $55 million in financial assistance to Montreal Port Authority (MPA) in support of its container terminal project in Contrecœur. Montreal Port President and CEO Martin Imbleau welcomed the announcement and commented: “The Government of Quebec’s backing is an important signal for the Port and reflects a shared commitment to provide local businesses with a highly efficient supply chain.”
“I am very proud to announce the confirmation of the Quebec government’s financial participation in the Contrecœur project, an important step in the development of port activities in the metropolitan region. The Contrecœur terminal will increase the competitiveness of our St. Lawrence River thanks to modern port infrastructures. This project is in synergy with our vision of developing the St. Lawrence River into an efficient economic corridor,” said Minister of Transport and Minister Responsible for the Metropolis and the Montreal Region, Chantal Rouleau. While this support remains conditional on obtaining the required authorizations, this funding will be used to carry out the start-up phase of the development project, making it possible to undertake site preparation and earthworks, among other things, and to build a visual and sound barrier. Port of Montreal’s expansion in Contrecœur is expected to lead to the creation of 5,000 jobs during construction and 1,000 jobs during its operation. The project will make it possible to increase container handling capacity while building on the ecosystem of 6,300 transportation and logistics businesses as well as the existing critical mass in Greater Montreal to further the growth that began more than 50 years ago.