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11/14/2022
Transport Canada officials last week awarded CA$5 million in funding to a project designed to relieve supply-chain congestion through a new transload facility at the Port of Hamilton in Ontario.
The award comes from the National Trade Corridors Fund for the Building Capacity in Canada's Steel Supply Chain project. With the funds, the Hamilton-Oshawa Port Authority will be able to enhance the transfer of steel products between various vehicles at the port.
The project’s total cost is CA$10 million. By creating new interconnections between marine, rail and road, this project will increase the efficiency and the resiliency of the supply chain in the region, Transport Canada officials said in a press release.
"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 for Ontario manufacturers," said Ian Hamilton, the port authority’s president and CEO.
Canadian Pacific and CN serve the port.