HAMILTON, Ontario — The Canadian government will invest up to C$5 million in transloading facilities at the Port of Hamilton, aiding the transfer of steel products between marine, rail, and road transport.
In all, the project by the Hamilton-Oshawa Port Authority will cost almost C$10 million and will address supply-chain congestion at the port.
“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,” Ian Hamilton, Port Authority CEO, said in a press release. “This investment will help to ensure a reliable supply of steel necessary for residential and civil construction projects and for Ontario manufacturers.”
The federal money will be drawn from the National Trade Corridors Fund under the Building Capacity in Canada’s Steel Supply Chain project. A total of $4.6 billion has been allocated to the fund for distribution between 2017 and 2028.
The port is served by both Canadian National and Canadian Pacific.
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