SEPT-ÎLES, QC, Feb. 13, 2012 /CNW/ - The Honourable Denis Lebel,
Minister of Transport, Infrastructure and Communities, along with the
Honourable Peter Penashue, Minister of Intergovernmental Affairs, today
announced that the federal government will make investments to
modernize the Port of Sept-Îles.
"The Government of Canada sees Quebec's ports as a gateway to global
markets," said Minister Lebel. "The Port of Sept-Îles is a strategic
port for Canada and an important component of Quebec's maritime system
supporting trade, and its development will lead to jobs in the region,
northern Quebec and Labrador."
"The benefits this new project will bring to the iron ore industry in
the region will strengthen the economy for Labrador and Quebec, and
will encourage growth for many years to come," added Minister Penashue.
"Today's announcement is the culmination of all the effort and work of
the past few years on the part of the port and its private partners to
build this strategic infrastructure for Eastern Canada. The new
multi-user dock will have multiple important effects, as it will ensure
the start-up of major new iron ore mines in Quebec and Labrador, the
expected impacts of which will be key, with nearly 3,000 new jobs and
more than $10 billion in investments," said Pierre D. Gagnon, president
and chief executive officer of the Port of Sept-Îles, and Carol Soucy,
chairman of the port's board of directors.
The ministers announced today that the Government of Canada will invest
up to $55 million and will contribute to the construction of a new
multi-user deep water dock at the Port of Sept-Îles equipped with two
ship loaders, as well as two conveyor lines. This investment will help
the port meet global shipping standards for the iron ore industry,
which is the largest commodity shipped through the port to overseas
markets. It will also boost the effectiveness and capacity of port
operations. The Port of Sept-Îles is an important part of Canada's
Continental Gateway system.
Investments at the Port of Sept-Îles contribute to a strong economy and
represent targeted action by the Government of Canada to keep trade
flowing and Canadians employed. Since the Government of Canada
introduced the Economic Action Plan in 2008, Canada has recovered more
than all of the output and all of the jobs lost during the recession.
Over a two-year period, up to 1,000 new jobs will be created by the
construction of the new dock at the Port of Sept-Îles, and up to 200
new jobs will be created at the Sept-Îles Port Authority to support
operations at the new dock.
Canada's Continental Gateway is the nation's busiest trade corridor,
carrying over 74 per cent of Canada's international trade via road,
rail, air and marine modes. Since 2007, the federal government has
committed over $2 billion to transportation infrastructure improvements
in Quebec to enhance Canada's international trade. These investments
facilitate trade links with North American and global markets.
More details on the Gateways and Border Crossings Fund can be found
More information about the project can be found in the attached
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Port of Sept-Iles
The Government of Canada will support initiatives that improve trade
while stimulating economic growth and jobs. For this reason, the
federal government has announced that it will contribute up to
$55 million to the construction of a deep-water, multi-user dock at the
Port of Sept-Îles that complies with new loading standards in the iron
ore industry. The project should be complete by March 31, 2014.
This project will make it possible to improve the performance, capacity
and competitiveness of port facilities, to facilitate interprovincial
and international trade, and to increase the competitiveness of Quebec,
Newfoundland and Labrador, and Canada. It will also promote investment,
economic growth and job creation, and will enhance the competitiveness
of businesses in northern Quebec and Labrador by giving them more
transport options. Construction of the dock will create 1,000 direct
jobs for two years, and another 200 direct jobs thereafter to ensure
The improvements to port infrastructure, which are financed in part
through Transport Canada's Gateways and Border Crossings Fund, will
help improve the movement of goods. The fund supports transportation
infrastructure projects to develop and operate strategic ports, trade
corridors and border crossings in Canada.
These improvements also support Canada's Continental Gateway initiative,
which aims to create a viable, integrated and globally competitive
transportation system to meet the needs of international trade in a way
that stimulates economic growth in Quebec, Ontario and across Canada.
The project, valued at $220 million, consists in building a new
deep-water dock equipped with two ship loaders and two conveyor lines,
in accordance with the latest standards and developments in the global
Boasting diversified and efficient facilities, the Port of Sept-Îles is
the most important mineral port in North America. It is on track to
regain second place among Canadian ports for annual handling volumes,
with more than 34 million tonnes expected in 2012. Its economic
influence has been valued at close to 4,000 direct and indirect jobs,
with annual economic activity of nearly $1 billion.
In 2011, the Port of Sept-Îles recorded its highest volume of activity
in 30 years, with 25.9 million tonnes, compared to 25.1 million tonnes
SOURCE Transport Canada
For further information:
Office of the Honourable Denis Lebel
Minister of Transport, Infrastructure and Communities, Ottawa
Transport Canada, Ottawa