ACPA welcomes top-up of critically-important National Trade Corridors Fund

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ACPA welcomes top-up of critically-important National Trade Corridors Fund

The Association of Canadian Port Authorities (ACPA), representing Canada’s 17 port authorities (CPAs), today welcomed the federal government’s commitment in Budget 2021 to increasing the National Trade Corridors Fund (NTCF).

April 19, 2021

“CPAs have many sustainable and innovative shovel-ready project proposals that meet NTCF criteria and that can get Canadians back to work as we emerge from the pandemic crisis.” Wendy Zatylny, ACPA President

Today’s NTCF funding announcement of $1.9 billion over 4 years will support the development of much-needed port projects and infrastructure. “CPAs have many sustainable and innovative shovel-ready project proposals that meet NTCF criteria and that can get Canadians back to work as we emerge from the pandemic crisis,” says Wendy Zatylny, ACPA President. “Enhanced NTCF funding, combined with potential financial flexibilities for CPAs through the Ports Modernization Review, will provide essential and complementary tools for port authorities to build sustainable and innovative trade-enabling infrastructure and help power the economic restart our country needs.”

ACPA is also pleased to see the establishment of a $500 million Tourism Relief Fund included in today’s federal budget. “ACPA’s Cruise Committee has been working in collaboration with local tourism operators to ensure a safe resumption of cruise service in Canada at the appropriate time,” adds Zatylny. “This fund will help ensure key elements are in place for a safe and strong recovery of the cruise and tourism sector.”

Port authorities are powerful generators of wealth for Canada: with a direct economic impact of $36 billion, they maintain more than 200,000 direct and indirect jobs and handle more than $200 billion in goods annually. Ports are in an ideal position to help ignite Canada’s post-pandemic recovery, all while helping Canada meet its sustainability goals.

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