VANCOUVER, Aug. 16, 2017 /CNW/ - Today, the Government of Canada announced a federal contribution of $250,000 to the Vancouver Fraser Port Authority towards a project to assess real-time information on the supply chain performance for all rail cargo moving to and from the Port of Vancouver.
The port authority launched the Supply Chain Visibility Project in 2015. The Government's contribution will fund a concept phase that will focus on measuring the performance of the grain and fertilizer sectors, while also addressing data quality issues.
By analyzing railcar activity data in the Lower Mainland, the port authority's Supply Chain Visibility Project contributes to three objectives of the Asia-Pacific Gateway and Corridor Transportation Infrastructure Fund. These include improving the efficiency of the national multimodal transportation network; enhancing transportation infrastructure safety, security and quality of life; and, improving the connectivity of intermodal interfaces.
"This project will provide access to information to support the Vancouver Fraser Port Authority's rail network planning and infrastructure to further develop trade movement. This will contribute to higher volumes of trade with Asia for the economic benefit of all Canadians."
The Honourable Marc Garneau
Minister of Transport
"Moving cargo efficiently throughout our West Coast is key to not just maintaining, but to enhancing our trade with Asia. The information from the Vancouver Fraser Port Authority's Supply Chain Visibility Project on rail operations within the Port of Vancouver and throughout the Vancouver gateway will feed into better infrastructure development planning in this region."
Member of Parliament for Coquitlam -- Port Coquitlam
"We are very pleased with the federal government's contribution to our Supply Chain Visibility Project, which focuses on supporting the port authority's rail network planning and infrastructure development for trade through the Asia-Pacific Gateway. The Government's focus on the overall transportation network and commitment to innovation and investment is truly appreciated."
Vice President, Planning and Operations at the Vancouver Fraser Port Authority
About the Vancouver Fraser Port Authority
The Vancouver Fraser Port Authority is responsible for the stewardship of the federal port lands in and around Vancouver, British Columbia. It is accountable to the federal minister of transport and operates pursuant to the Canada Marine Act. The Port of Vancouver is Canada's largest, and the third largest in North America by tonnes of cargo, facilitating trade between Canada and more than 170 world economies. Located in a naturally beautiful setting on Canada's west coast, the port authority and port terminals and tenants are responsible for the efficient and reliable movement of goods and passengers, integrating environmental, social and economic sustainability initiatives into all areas of port operations. Enabling the trade of approximately $200 billion in goods, port activities sustain 115,300 jobs, $7 billion in wages, and $11.9 billion in GDP across Canada.
SOURCE Transport Canada
For further information: Danielle Jang, Media Relations Advisor, Vancouver Fraser Port Authority, 604-665-9267, [email protected]; Media Relations, Transport Canada, Ottawa, 613-993-0055, [email protected]