Trains Magazine on-line news article of 5/25/22: "Canada to fund expansion at Port Saint John, short line New Brunswick Southern"
The Canadian government said on Wednesday that it will spend $42 million to help fund capacity expansion projects at Port Saint John, New Brunswick, as well as to upgrade rail facilities in Saint John and McAdam on short line New Brunswick Southern.https://www.trains.com/trn/news-reviews ... -southern/
The New Brunswick Southern and its sister short line, Eastern Maine Railway, are Canadian Pacific’s connection to Saint John.
Transport Canada will spend $21.16 million on terminal capacity projects on New Brunswick Southern in Saint John and at McAdam, which is near the Maine border. New Brunswick Southern, a subsidiary of J.D. Irving Ltd., will contribute the same amount.
Transport Canada will spend up to $21 million to increase capacity at Port Saint John’s container terminal. The Saint John Port Authority will contribute $4.2 million to the project, while the province will kick in $16.8 million....
....“CP is excited to be back in Atlantic Canada and proud of the much-needed competition our return has brought to the freight transportation market in New Brunswick,” CEO Keith Creel said in a statement. “The additional investment announced today by the federal government and the Province of New Brunswick will make a significant impact for Port Saint John and for Canada’s supply chains. The funding will bring Port Saint John’s capacity up to 800,000 TEUs, almost tripling the Port’s existing capacity.”