April 16, 2024

The Association of Canadian Port Authorities is disappointed to see no additional funding of trade infrastructure in Budget 2024 and looks forward to engaging with the Government of Canada to explore creative ways to meet the long-term infrastructure needs of Canada’s marine sector.

The Canadian economy relies on resilient and efficient national supply chains to support Canadian trade for decades to come. Investments in critical infrastructure through the National Trade Corridors Fund (NTCF) have been a key mechanism for positioning Canada for competitiveness and productivity.  At a critical time, in which Canada must decarbonize marine transport, build resiliency intro its supply chains, and meet global commitments on safe, sustainable trade, now is not the time to pause federal investments.

Much progress has been achieved to date through the NTCF to develop the sustainable and innovative infrastructure needed to compete and decarbonize, with about $1 billion committed to Canada’s ports and their supply chain partners since the program was launched.  For Canada to make the $110 billion investments into our seaport infrastructure over the next 50 years, as identified by the government’s National Supply Chain Task Force, the federal government must continue to be an active partner.