The Canadian federal government plans to invest $254 million to enhance the capabilities of the Port of Saint John in New Brunswick, in the east of the country.
This project, announced by Transport Minister Stephen McKinnon, aims to strengthen national supply chains, stimulate trade diversification, and enable the port to handle between 825,000 and 1 million containers annually.
This investment, funded by the Trade Corridors Diversification Fund, is part of a $463 million public-private partnership. Amidst the volatility of global trade, local economists see these upgrades as a genuine "Plan B" to more easily direct Canadian exports to new international markets.
The planned work includes expanding and modernizing the port's warehouses, constructing a new container inspection center for the Canada Border Services Agency, and dredging and marine infrastructure rehabilitation.
On the rail side, the project includes upgrading 103 kilometers of New Brunswick's existing rail lines.
The federal government explained that these investments will enable the port to handle larger volumes of cargo, including temperature-sensitive products, attract new shipping services, and support job creation and economic growth in the region.
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