The government of Québec has agreed to provide $40 million in financial assistance to the Montréal Port Authority in order to upgrade its infrastructures, which will help increase productivity and maintain the competitiveness of the Port, the second largest in Canada.
Mr. Laurent Lessard, Minister of Transport, Sustainable Mobility and Transport Electrification, Mr. Jean D’Amour, Minister for Maritime Affairs, and Mr. Martin Coiteux, Minister of Municipal Affairs and Land Occupancy, Minister of Public Security and Minister responsible for the Montréal region, in the presence of Ms. Sylvie Vachon, President and CEO of the Montréal Port Authority and Montréal Mayor Mr. Denis Coderre, announced this major support on May 23.
This financial support is granted under provisions of the government’s Maritime Strategy, an initiative seeking to take advantage of Québec’s geographic position to favour the creation of business opportunities related to the maritime economy.
Sylvie Vachon, President and CEO of Montreal Port Authority thanked the government of Québec for its vote of confidence, adding that “The amounts allocated today will be invested strategically and contribute to the development port and the entire community of Montréal, as well as to the growth of Québec’s economy as a whole.”