Port of Montreal’s current terminal operators will handle port expansion project

Following a fifth consecutive year in 2018 of record tonnage handled at the Port of Montreal, and the likelihood of similar anticipated growth in the coming years, the Montreal Port Authority (MPA) announced it has decided to work in priority with its terminal operators, Montreal Gateway Terminals Partnership (MGTP) and Termont Terminal, to accelerate the execution of its business strategy for its container terminal project at Contrecoeur.

“In 2018, we handled a record 1.6 million containers, a 9% increase compared to 2017. We are experiencing this growth with our partners, the operators and the shipping lines serving their respective terminals. We have decided to preferentially offer these operators the opportunity to pursue their growth at Contrecoeur,” said MPA President and CEO Sylvie Vachon.

“The increasing presence of international shipping lines in the Greater Montreal area means that we better expand in the Port of Montreal. For us, the growth and the future of the container handling markets depends on the Contrecoeur project,” said Michael Fratianni, President and CEO of Montreal Gateway Terminals Partnership.

“We are pleased and committed to working closely with the Port of Montreal to develop the Port’s additional container handling capacity at Contrecoeur. With the phenomenal growth of traffic on our terminals, we cannot fail to support the Port’s strategy to rapidly increase its handling capacity,” said Madeleine Paquin, President of Termont Terminal.

The container terminal at Contrecoeur will provide a new strategic infrastructure for Canada’s international trade and will benefit from Greater Montreal’s logistics ecosystem of more than 6,300 companies, creating 5,000 jobs during construction and 1,000 direct jobs once in operation.

Source: Port of Montreal

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