Home » Canada’s Minister of Transport is investing $38 million in Argentina’s port

Canada’s Minister of Transport is investing $38 million in Argentina’s port

by Tess Hutchinson

Canada’s Minister of Transport, Omar Alghabra, has announced an investment of up to $38 million under the National Trade Corridors Fund to improve cargo traffic at the port of Argentina.

Reliable and efficient transportation infrastructure is critical to connecting communities and building an economy that benefits all Canadians.

The Canadian government has stated its intention to keep the Port of Argentina’s utility networks strong and job-creating while making them resilient and adaptable to the impacts of climate change.

As part of the project, the existing Fleet Dock Terminal will be expanded.

READ: Canadian investment group to invest $5 billion in DP World’s UAE assets

This development includes the construction of approximately 460 meters of berth space for three additional berths for handling large vessels, a ro-ro ramp for container and cargo transport and an increase in accessible port space by approximately 100,000 meters.

The project will also encourage environmentally beneficial practices such as the use of renewable energy and low-carbon fuels.

These improvements will allow the port to facilitate additional trade, improve operations and boost regional economic growth.

The project is expected to more than triple the volume of trade at the port over a 30-year period.

In April 2023, the Canadian government approved the Roberts Bank Terminal 2 project in southern British Columbia.

More recently, strikes resumed in ports on Canada’s west coast after dockers rejected a four-year interim wage deal initially agreed tentatively with their employers, the British Columbia Maritime Employers Association (BCMEA).

Related Posts

Leave a Comment