Area
Canada
Commodity Group
Oilseeds, oils and meals
Commodity
Grains, oilseeds
Date
01/08/2019
Policy Category
Other
Policy Instrument
Transport infrastructure measures
Description
Set aside funds to upgrade the countrys port infrastructure and ensure the continued efficiency of the national rail transport network. Aimed at ensuring that goods can move efficiently to markets, the initiative would help Canadian businesses to compete globally.
Notes
The Federal Government is set to invest CAD 4.8 million (USD 3.6 milion) to upgrade the infrastructure of the Port of Johnstown, which handles grain from 1 600 farms in Ontario and Quebec that is destined for international markets. Reportedly, the concerned township will match the Governments investment. Under the plan, aging grain spouts will be replaced and the storage capacity of the ports elevators will be increased. The Government also announced significant investments to i) improve rail capacity in British Columbia, ii) expand terminals in the Port of Vancouver, and iii) ensure the continued competitiveness and efficiency of rail transportation networks. The measures are aimed at ensuring that goods move efficiently to market and should help Canadian businesses compete globally.
