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Montreal Port Authority announces major projects in the works


MONTREAL, Que.– In 2015, cargo traffic handled at the Port of Montreal rose 5.2% over the previous year to reach 32 million tonnes. This is a record high for the Port of Montreal.

“This increase is very satisfactory. It reflects the fact that, more than ever, the Port of Montreal is a real growth force! Several structuring projects also progressed in 2015,” said Sylvie Vachon, President and CEO of the Montreal Port Authority (MPA) at the annual meeting held on May 13, 2016.

Containerized cargo grew 4.1% in 2015. Its volume reached 13.1 million tonnes, or close to 1.5 million TEUs (twenty-foot equivalent units). Almost half of the goods that pass through the Port of Montreal are containerized, making it the Port of Montreal’s largest sector of operations, the port said.

Dry bulk, for its part, increased 3.6% to 8.7 million tonnes. The main products handled include grain and iron ore.

Liquid bulk posted an 8% increase, with close to 10 million tonnes handled. This increase can be partly explained by the drop in oil prices, which favoured imports.

 

 

 

In 2015, several large-scale projects moved ahead at the Port of Montreal. The MPA’s total capital expenditures amounted to $44 million.

In January 2015, the MPA announced the development of a new container terminal in the Viau sector. At the end of its two project phases, the Port of Montreal’s total capacity on the Island of Montreal will reach 2.2 million TEUs.

The MPA also announced the restoration of Alexandra Pier and Iberville Passenger Terminal, a project that is part of the celebrations for Montreal’s 375th anniversary in 2017.

Several other projects shaped the year 2015 at the Port of Montreal, including the installation of shore power and the implementation of the GHG Project. The MPA also began the federal environmental process required for the future development of a container terminal at Contrecœur, the release said.

 


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