October 24, 2026 02:46 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Deadly mid-air collision: Four pilots killed as two military aircraft crash in Philippines | ‘Jihad’ calls, Modi assassination remarks: Mumbai Rapido driver arrested over alleged Jaish links | Vegetarian-only kitchen at Keralam Lok Bhavan? Governor's reported order triggers political backlash | ‘Another little Epic Fury’: Trump’s chilling warning to Iran as fresh US strikes loom | Bomb threat email names Amitabh Bachchan’s Jalsa bungalow, Diljit Dosanjh’s concert venue: Reports | ‘Face-offs still continue’: ITBP chief reveals fresh India-China border tensions in Arunachal | Eiffel Tower women staff row: BAPS monk blames ‘miscommunication’, denies delegation's role | ‘Pen, not stones and guns’: RSS-linked group opens its first office in Kashmir Valley under Muslim leader | First human case of Shamonda virus reported in France; WHO confirms death of immunocompromised patient | ECI rift deepens: RTI reveals 2 Election Commissioners complained to Cabinet Secretary over senior official's order
Canada Economy
Canada is building again: Carney about the project as a key step towards economic independence. Photo: Mark Carney/X

Canada begins Montréal port expansion to boost trade capacity

| @indiablooms | Apr 10, 2026, at 02:19 am

Ottawa: Canada has officially begun the expansion of the Port of Montréal, aiming to significantly increase trade capacity and strengthen supply chains.

Canadian Prime Minister Mark Carney announced the start of construction on the Contrecœur Container Terminal Project, which will expand the port’s capacity by about 60%, marking the largest port expansion in eastern Canada’s history.

According to a statement, the project will add a new container terminal equipped with integrated rail, road and marine infrastructure and is expected to handle up to 1.15 million additional containers annually once completed.

Officials said the expansion will help ease pressure on the port, which is nearing its operational limits, and improve the movement of goods through the St. Lawrence Trade Corridor, a key gateway for Canadian exports and imports.

The government has committed C$1.16 billion in financing through the Canada Infrastructure Bank, alongside contributions from the Quebec government and other partners.

The project has been fast-tracked under the government’s Major Projects Office initiative, launched in 2025 to accelerate large-scale infrastructure developments.

Construction is expected to support around 4,000 jobs annually, with thousands more anticipated once the terminal becomes operational. The project is projected to generate about C$750 million in annual economic benefits.

The expansion, first proposed decades ago, had faced repeated delays but has now moved forward following streamlined approvals and coordination between federal, provincial, Indigenous and private-sector partners.

“Canada is building again,” Carney said in a statement, describing the project as a key step in boosting trade and economic independence.

The new terminal is expected to become operational by 2030, forming part of Canada’s wider strategy to diversify trade partnerships and enhance connectivity between domestic industries and global markets.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.