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Building Canada Fund News

20 Nov 2016

Port of Montréal Expands Global Reach

Investments made by the Government of Canada and the Montréal Port Authority to enhance the Port of Montréal’s infrastructure will make the global movement of goods more fluid, create direct and indirect jobs in transportation systems across the country, contribute to national prosperity and help grow the middle class. The Honourable Marc Garneau, Minister of Transport, on behalf of the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, and Ms. Sylvie Vachon, President and CEO of the Montréal Port Authority, today celebrated the inauguration of a new container terminal in the Viau sector. The new container terminal will boost the Port of Montréal’s handling capacity by 450,000 TEUs (twenty-foot equivalent unit).

19 May 2016

Davie Shipbuilding Launches Ferry Replacement Push

Photo: Davie Shipbuilding

Recent changes to Canada’s Federal government’s New Building Canada Fund, announced by Infrastructure Minister Amarjeet Sohi, will enable significant investments in infrastructure systems, including ferry replacement and refits. Ferry operators across Canada will have access to the Fund that may inject billions of dollars in transportation infrastructure projects, providing the proposed projects be completed within a three year timeframe. Under the program the federal government also plans on funding projects delivered as “Public-Private Partnership” (P3).

16 May 2016

Ferries Eligible for Millions in Canadian Funding

Ferry operators across Canada applaud new changes made by the federal government that will allow infrastructure projects related to ferries to be eligible for funding under the New Building Canada Fund, according to the Canadian Ferry Operators Association (CFOA). The original eligibility criteria for the fund, established in 2014, excluded most projects related to ferries, meaning very few operators have been able to apply for infrastructure projects. The CFOA and provincial governments have worked together urging Transport Minister Marc Garneau and Infrastructure Minister Amarjeet Sohi to revise the criteria to include ferries and ferry operators.

16 Jul 2014

Canadian Ferries Welcome Govt. Funding

Photo: CFOA

The Canadian Ferry Operators Association (CFOA) welcomed today’s announcement of $58 million over two years to support ferries in Eastern Canada. “We are happy to see the government reaffirming its commitment to Canada’s ferries. This is a step in the right direction,” said Serge Buy, CEO of CFOA. This funding will help support ferry operations and assets for three interprovincial ferries: Saint John, NB / Digby, NS (operated by Bay Ferries Ltd); Wood Islands, PEI / Caribou, NS (operated by Northumberland Ferries Ltd) and Îles-de-la-Madeleine, QC / Souris, PEI (Operated by C.T.M.A.

14 Feb 2014

Canadian Ferry Operators Welcome Government Financial Plan

Ferry: Image courtesy of BC Ferries

The Canadian Ferry Operators Association (CFOA) has said it welcomed Prime Minister Harper’s announcement of the framework for the New Building Canada Plan (NBCP). Details were also released on the New Building Canada Fund (NBCF), the $14-billion component of the NBCP that will support infrastructure projects of national, regional and local significance that promote job creation and economic growth. “The Harper government has clearly demonstrated its commitment to developing and renewing Canada’s transportation infrastructure through this $53 billion investment,” said Serge Buy, CEO of CFOA.