By Greg Layson | Automotive News Canada
It’s the most expensive of five projects, which in total will cost $102 million at the port.
Without offering details, Minister of Public Services and Procurement and Accessibility Carla Qualtrough said in a statement that the money will be spent on “expansion and optimization” of the port’s auto terminals.
David Adams, president of the Global Automakers of Canada, praised the investment.
“That said, both Toyota and Honda, at least, are largely North American companies, building the majority of the vehicles they sell in North America in North America.
“As Canada continues to grow its trade through its trade agreements CETA, CTPP, Canada/Korea, etc., the ports on both sides of the country require investment to accommodate increased import and export volumes.”
Last year, about 198,000 vehicles were imported from Japan alone, according to the Japan Automobile Manufacturers Association (JAMA).
“With expanding trade, the investment will help in alleviating congestion and delays as vehicles are off-loaded, processed and transferred mostly onto rail for shipment to markets across Canada,” JAMA Corporate Secretary David Worts.
The Canadian Vehicle Manufacturers’ Association didn’t respond to a request for comment.
In 2016, about 1.5 million metric tonnes of industrial, auto and vehicle parts moved through the port.
Flavio Volpe, head of the Automotive Parts Manufacturers Association said “anything that streamlines the process is good for business.”