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Feds uncover $2.1B in transportation spending

Feds uncover $2.1B in transportation spending

Image courtesy of cbc.ca – Transport Minister speaks at a luncheon in Ottawa, Tuesday July 4, 2017. (Adrian Wyld/Canadian Press)

Canada’s Minister of Transport reported $2.1 billion for the Trade and Transportation Corridors Initiative (TTCI) to manufacture more grounded, more proficient transportation passages to international markets today.

The TTCI investments will bolster the production of steady employments, by transporting goods more productively Canadian organizations will have the capacity to better contend, develop and make more occupations well into the future, the minister affirmed.

The core element of the TTCI is the merit-based National Trade Corridors Fund (NTCF), which will provide $2 billion over 11 years to strengthen Canada’s trade infrastructure, including ports, waterways, airports, roads, bridges, border crossings, rail networks and the interconnectivity between them. With the launch of this fund, proponents are being invited to submit an expression of interest for funding to support projects that address urgent capacity constraints and keep goods moving efficiently along Canada’s trade corridors.

TTCI is the legitimacy based National Trade Corridors Fund (NTCF), which will provide $2 billion over 11 years to strengthen Canada’s trade infrastructure, including ports, waterways, airports, roads, bridges, border crossings, rail networks and the interconnectivity between them. With the unveiling of this fund, proponents are being invited to submit an expression of interest for funding to support projects that address urgent capacity constraints and keep goods moving proficiently along Canada’s trade corridors.

 “Investments through the Trade and Transportation Corridors Initiative will make a big difference for Canadian businesses,” Garneau said. “It will allow them to get better access to international markets by addressing critical bottlenecks and ensuring that Canada’s transportation networks remain cost competitive and efficient. This also means more jobs that support middle-class families everywhere across the country.”

Up to $400 million of the NTCF will be dedicated to supporting the critical movement of people and goods in Canada’s Northern territories, given that region’s unique and urgent needs.

Source: Trucknews.com

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