Quebec pronounces $55 million in funding for Port of Montreal growth

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The Legault authorities on Tuesday introduced it might present $55 million to the Port of Montreal to assist the preliminary section of an expansion project on the terminal amenities in Contrecoeur.

The prices for that section of the mission are estimated at $111 million. The steadiness of the financing — $56 million — can be borne by the port.

As soon as the growth is accomplished, the terminal will have the ability to accommodate 1.15 million containers.

Authorities projections estimate the terminal will create 1,000 jobs as soon as it’s totally operational. The whole value of the growth is estimated at $750 million to $950 million.

The announcement was made by Chantal Rouleau, minister for the Montreal area, Transport Minister François Bonnardel and Nicolet-Bécancour MNA Donald Martel.

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