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Port of Québec supported with $15.5 million

Port of QuébecThe Port of Québec received $15.5 million in financial support from the National Trade Corridors Fund (NTCF) for restoration of infrastructure at the port.

The funds will make it possible to undertake a program of upgrades to infrastructure in three Port sectors: Anse au Foulon, Estuaire, and Beauport. The Port authority say that the work is essential to the future competitiveness of the Port and would have been impossible to carry out in the short term without support from the NTCF.

Work at the Port of Québec will start in the Anse au Foulon sector, where the facilities were built almost 100 years ago. Port operations in Anse au Foulon need efficient transport networks and infrastructure adapted to the needs of exporters. The first project announced is an upgrade to the existing rail and road transport infrastructure. The electricity and water networks will also be upgraded. In the Beauport sector, the NTCF program will fund dock repairs and protection.

Lastly, the NTCF’s support will be used to restore the drawbridge so it can once again be used by heavy goods vehicles as well as employees and customers of QPA’s business partners.

“This $15,5 million contribution from the Canadian government is critically important,” said Mario Girard, president and chief executive officer of the Québec Port Authority. “It will allow us to move forward with a major $30 million infrastructure rehabilitation program. This is undoubtedly the most ambitious rehabilitation program our port infrastructure has seen since we were designated a port authority in the late 1990s.”

The Port of Québec generates economic spinoffs in the Québec City region with some $25 billion in goods being routed through the port annually. The ships that pass through the port are a component in a logistics chain that transports approximately $20 billion worth of goods each year.

The Port of Québec is a maritime hub in the Great Lakes/St. Lawrence Seaway System and generates more than 8,000 direct and indirect jobs in the Québec City area, according to the latest SECOR study. Each commercial vessel moored at the port injects an average of $600,000 into the economy, mainly in the Quebec City area.

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