Cape Breton Regional Municipality to receive funding following recent call for proposals
SYDNEY, NS, July 31, 2015 /CNW/ - The Honourable Lisa Raitt, Minister of Transport, today announced an investment of up to $500,000 to the Cape Breton Regional Municipality to support its Port of Sydney Development Corporation Gateway Project.
The project is a three-year, $1-million international marketing initiative to promote Canada's Atlantic Gateway and Trade Corridor, as well as the advantages of using Canadian transportation facilities such as the Port of Sydney for moving goods to Canada, the United States, Europe and the rest of the world.
- The Government of Canada has selected this project for funding consideration under the Gateways and Border Crossings Fund (GBCF) – Atlantic Gateway International Marketing Component, following a call for project proposals that was launched in December 2014.
- This funding is conditional on the project meeting all federal eligibility requirements under the GBCF and the signing of a contribution agreement.
- Canada's Atlantic Gateway and Trade Corridor is an integrated multimodal transportation system offering deep water ports, efficient and reliable road and rail networks with access to U.S. markets, and airports with air cargo access to/from international markets.
- The Government of Canada is committed to working with partners to implement the Atlantic Gateway and Trade Corridor Strategy, which helps position Atlantic Canada as a key entry point into North America.
- To support this Strategy, $2.2 million in contribution funding is available under the GBCF for eligible marketing projects promoting Canada's Atlantic Gateway abroad.
"Our government is committed to strengthening our transportation system and promoting international trade in and through Atlantic Canada. We are pleased to support initiatives that will help this region seize the economic opportunities that its transportation sector can provide by promoting the Atlantic Gateway's competitive advantages to markets and traders around the world. This international marketing effort will help create jobs and economic growth here in Sydney and across Atlantic Canada."
Honourable Lisa Raitt
Minister of Transport
"The Atlantic Gateway is key to our region's economic future. This funding from the federal government completes a cost-sharing partnership that will take our marketing efforts to the next level. Our deepwater port, rail assets and supporting services are ready to participate more fully in international transportation networks. This is great news for Cape Breton's economic development and Canada's global trade interests."
Mayor, Cape Breton Regional Municipality
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SOURCE Transport Canada
For further information: Contacts : Zach Segal, Press Secretary, Office of the Honourable Lisa Raitt, Minister of Transport, Ottawa, 613-991-0700; Media Relations, Transport Canada, Ottawa, 613-993-0055