Touting ‘enormous’ LNG opportunities, Carney says Canada to unveil new port infrastructure investments within two weeks https://t.co/zgBZROwPIp
Ottawa approuvera l’expansion du port de Montréal, avance Carney https://t.co/gIYdxODOH0
Carney says the government will make an announcement about new port infrastructure in the next two weeks #cdnpoli #cdnecon https://t.co/ESEmJ3M0KO
Prime Minister Mark Carney said Canada will unveil major port-infrastructure investments within the next two weeks, identifying both an expansion of the Port of Montreal at Contrecoeur and the creation of “effectively a new port” in Churchill, Manitoba, as early candidates. Speaking in Berlin during a European trade mission, Carney described the projects as part of a broader, C$500 billion drive to modernize energy and trade gateways and deepen commercial ties with Germany and other European partners. The projects are expected to be among the first approved under Bill C-5, legislation passed in June that allows Ottawa to fast-track developments deemed in the national interest. Carney said the upgrades would unlock “enormous” opportunities for exporting liquefied natural gas as well as critical minerals, complementing Canada’s newly signed joint declaration with Germany on critical-minerals cooperation. Industry Minister Tim Hodgson called the under-used Churchill site a “tremendous opportunity” for agricultural, mineral and potential LNG exports, while Quebec and the federal government have already pledged a combined C$280 million toward the Contrecoeur terminal, whose total cost has climbed to about C$1.6 billion. Detailed funding allocations and construction timelines are due to be released when the formal announcement is made in early September.
