Le Lézard
Classified in: Environment, Transportation, Business
Subjects: ECO, ENI, CFG

The Government of Canada invests in a study to explore ways to protect the Chignecto Isthmus Trade Corridor from climate change


AMHERST, NS, May 14, 2018 /CNW/ - The quality of Canada's transportation infrastructure and the efficiency of the country's trade corridors is key to the success of Canadian firms in the global marketplace. The Government of Canada supports infrastructure projects that create quality middle-class jobs and boost economic growth.

Today, Bill Casey, Member of Parliament for Cumberland-Colchester, on behalf of the Honourable Marc Garneau, Minister of Transport, announced an investment of $350,000 for a study that will explore viable options to climate change impacts on the Chignecto Isthmus Trade Corridor between New Brunswick and Nova Scotia.

Climate change, specifically rising sea levels and storm surges, pose a risk to the critical infrastructure within the Isthmus, including the Trans-Canada Highway, Canadian National rail line, electricity transmission lines and agricultural dikes. The study will involve a comprehensive engineering assessment of existing infrastructure, consultation with stakeholders, and options to protect and sustain the Chignecto Isthmus Trade Corridor. The Chignecto Isthmus is an economically important transportation corridor that carries an estimated $50 million per day in trade. This project is led by the Government of New-Brunswick in partnership with the Government of Nova Scotia.

The Government of Canada is supporting infrastructure projects that contribute most to Canada's continued success in international trade. For example, projects being funded will:

Provincial, territorial and municipal governments, Indigenous groups, not-for-profit and for-profit private-sector organizations, federal Crown Corporations, Canadian Port Authorities, and National Airport System Airport Authorities are all eligible for funding under the National Trade Corridors Fund.

Quote

"I am pleased that this important study is going ahead. Trade between our two provinces is the lifeline that keeps our economies growing and our goods moving and this is why we must do all we can to protect the Chignecto Isthmus trade corridor from climate change."

Bill Casey
Member of Parliament for Cumberland-Colchester

"Our government is investing in Canada's economy by making improvements to our trade and transportation corridors. We are supporting projects that will efficiently move commercial goods to market and people to their destinations, stimulate economic growth, create quality middle-class jobs, and ensure that Canada's transportation networks remain competitive and efficient."

The Honourable Marc Garneau
Minister of Transport

"Transportation and distribution of goods are a vital part of our local, regional and national economies. The Chignecto Isthmus has been a key transportation route between Nova Scotia and New Brunswick since the 17th century but it now faces an imminent threat from rising sea levels and storm surges. The investment announced here today will help us find ways to protect this important trade corridor from the adverse effects of climate change."

The Honourable Dominic LeBlanc
Minister of Fisheries, Oceans and the Canadian Coast Guard and Member of Parliament for Beauséjour

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Backgrounder

National Trade Corridors Fund

The $2 billion National Trade Corridors Fund is one component of the $180 billion Investing in Canada Plan, the Government of Canada's strategy for addressing long-term infrastructure needs in Canada and supporting middle-class growth and well-paying jobs. The quality of Canada's transportation infrastructure and the efficiency of the country's trade corridors is key to the success of Canadian firms in the global marketplace.

The Government of Canada is providing support for well-functioning trade corridors that will allow Canadians to compete in key global markets and trade more efficiently with international partners. It represents a long-term commitment by the Government of Canada to work with stakeholders on strategic infrastructure projects that help to address transportation bottlenecks, vulnerabilities and congestion along Canada's trade corridors.

The National Trade Corridors Fund is also a key element of Transportation 2030, the Minister of Transport's strategic plan for the future of transportation. The development of this vision, including the National Trade Corridors Fund, has been informed by extensive engagement with Canadians from coast to coast to coast, along with insights contained in the 2015 Canada Transportation Act Review report.

The National Trade Corridors Fund is a merit-based program designed to help infrastructure owners and users invest in the critical assets that support economic activity and the physical movement of commercial goods and people in Canada.

A total of $2 billion over 11 years has been allocated for the National Trade Corridors Fund, including up to $400 million in dedicated funding for Northern territorial transportation infrastructure.

Provincial, territorial and municipal governments, Indigenous groups, not-for-profit and for-profit private-sector organizations, federal Crown Corporations, Canadian Port Authorities, and National Airport System Airport Authorities were invited to submit proposals to Transport Canada which were then evaluated against the eligibility criteria for the program.

Types of projects that meet the eligibility criteria include, for example, ports, airports, roads, railways, intermodal facilities, international bridges and border crossings ? assets that are the primary building blocks of the supply chains that enable the physical exchange of goods around the world and also support the critical movement of people and goods in Canada's Northern territories.

In addition to the $2 billion of investments under the National Trade Corridors Fund, the Canada Infrastructure Bank will invest at least an additional $5 billion to address trade and transportation projects.

 

SOURCE Transport Canada


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