SAINT JOHN, N.B. – Promised upgrades to the port of Saint John, N.B., will move ahead with the announcement of $136 million in joint funding from Ottawa and the province.
The project announced Tuesday, will modernize and consolidate the Rodney and Navy Island terminals, allowing the port to accommodate larger vessels.
New operational systems and technology will also be installed to improve cargo handling capabilities.
The port is Atlantic Canada’s largest in terms of tonnage with 28 million tonnes of cargo moved annually.
The total estimated cost of the project is $205 million, with $68.3 million in funding coming from the federal government’s New Building Canada Fund, and $68.3 million invested by the province.
Port Saint John is responsible for the remainder of the project costs.