The Port of Montreal has earmarked $335 million in its new five-year investment plan for its infrastructure on the Island of Montreal. These investments are necessary to consolidate the Port of Montreal's status as a trading platform at the heart of the strategic St. Lawrence corridor and support the energy transition. The announcement was made by Martin Imbleau, President and Chief Executive Officer of the Montreal Port Authority (MPA) during a speech at the Transport and Logistics Forum organized by the Chambre de commerce de l'Est de Montréal (CCEM).
Martin Imbleau outlined the Port of Montreal's role and scope in the city's east end from a long-term perspective. Now that the Port of Montreal is approaching its full container handling capacity, it wants to invest heavily in its infrastructure on the island.
These investments are geared to achieve four main objectives:
Key projects planned for the next five years in Montreal include: optimizing substations, which will make it possible for the Port to meet the growing demand for electrical energy; optimizing rail capacity by adding more tracks, which will improve the fluidity of rail traffic and storage; and wharf modernization to safely accommodate vessels
Concurrently, the Port of Montreal will, with its private partner and government support at every level, invest in port expansion in Contrecœur to ensure sufficient infrastructure for importers and exporters throughout Quebec.