The federal authorities has introduced $100 million for the Edmonton Worldwide Airport to extend its cargo and logistics dealing with operations.
Federal Minister of Transportation Omar Alghabra mentioned Thursday the funding will come from the Nationwide Commerce Corridors Fund.
The cash will go towards a venture that may convert about 2,000 acres of land into a brand new international cargo dealing with operation on the airport. This may assist EIA broaden its multi-modal distribution all through Canada, the US and Mexico.
The elevated cargo capability is anticipated to enhance the motion of import and export commerce routes and strengthen Canada’s provide chain, in keeping with the feds.
“Our authorities is dedicated to preserving our provide chains resilient, and this announcement will assist strengthen the financial growth of the Edmonton Worldwide Airport, Leduc County, and the area of Edmonton,” Alghabra mentioned in a information launch.
“This funding will broaden the operational capability of the airport by including extra space for cargo dealing with operations and new transportation infrastructure. By investing in our airports, we’re creating good jobs, strengthening our economic system, and sustaining a aggressive and resilient provide chain.”
The president and CEO of EIA mentioned cargo and logistics play a serious function within the area’s financial development and growth.
“Rising air capability and international market entry for exports and commerce alternatives is a worldwide sport changer,” Tom Ruth mentioned. “It drives the expansion of small and medium enterprises in Alberta and the remainder of Canada, which creates jobs and spurs funding.
“Working in the direction of these objectives, we’re excited to announce the event of the Worldwide Cargo Hub. The Authorities of Canada’s funding into EIA will assist speed up our plans to place the Edmonton Metropolitan Area as a key multi-modal international logistics hub and very important commerce hall for Canada. This hub shall be transformational for the Edmonton Metro Area.”
The federal authorities’s 2022 price range outlined $450 million over 5 years to assist provide chain tasks all through Canada.
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