Hamilton-Oshawa Port Authority gets $5 million to help relieve supply chain congestion
Published November 9, 2022 at 11:59 am
The Hamilton-Oshawa Port Authority received $5 million from the federal government as it looks to relieve supply chain congestion at Hamilton’s port.
The $10 million project is expected to enhance the transfer of steel products between various vehicles at the port by creating new interconnections between marine, rail, and road.
“As the largest port in Ontario, the Port of Hamilton is the key supply chain gateway for steel and other essential goods that feed the region’s economy. This investment will help to ensure a reliable supply of steel necessary for residential and civil construction projects and Ontario manufacturers,” said Ian Hamilton, Hamilton-Oshawa Port Authority president and CEO.
The $5 million in funding falls under the National Trade Corridors Fund for the Building Capacity in Canada’s Steel Supply Chain project.
We were happy to announce the $4.9 million dollar investment into the steel supply chain. This will ensure the waterfront is maintained as an attraction through the Piers, pic.twitter.com/qrRTk8oO84
— Lisa Hepfner (@lisahepfner) November 9, 2022
“The Port of Hamilton is Ontario’s largest port and one of the busiest in Canada,” said Hamilton MP Filomena Tassi. “Today’s investment will relieve supply chain congestion and help Canada compete in key global markets. This will strengthen our economy and create good-paying jobs.”
The government reiterated that investing in efficient trade corridors helps Canada compete in key global markets, trade more efficiently with international partners, and keep supply chains competitive by addressing transportation bottlenecks, vulnerabilities, and congestion along national trade corridors.insauga's Editorial Standards and Policies advertising