The Montreal Port Authority (MPA) will receive a financial support of $12.5 million from the Government of Canada, as part of the National Trade Corridors Fund (NTCF), for a project to redevelop and upgrade the grain containerization sector at the Port of Montreal.

Worth a total of $25 million, this project will increase and optimize operational space, and increase container storage capacity by 20% at the terminal operated by DG CanEst Transit Inc., which specializes in exporting containerized grain via the Port of Montreal to international markets.

Over the past ten years, this sector has grown by 78% at the Port of Montreal, making it one of the most prolific.

The financing complements a project by DG CanEst Transit Inc., which had itself received financial support in 2022 to upgrade its existing infrastructure and purchase new equipment for its facilities.

The project will open the door to new export opportunities to markets in Asia, the Mediterranean, Northern Europe, the Middle East, Latin America and Africa.

Source: MPA

 

Back