HOPA receives $4.9 million in Federal funding to relieve supply chain congestion in Hamilton

  • Hamilton-Oshawa Port Authority receives $4.9 million under the National Trade Corridors Fund
  • Federal funding supports the Building Capacity in Canada’s Steel Supply Chain project
  • The $9.8 million project will relieve supply chain congestion at the port

HAMILTON, ON – The Hamilton-Oshawa Port Authority (HOPA) is welcoming funding from the Federal Government to relieve supply chain congestion at the Port of Hamilton.

Today, the Minister of Transport, the Honourable Omar Alghabra announced $4.9 million in funding under the National Trade Corridors Fund for the Building Capacity in Canada’s Steel Supply Chain project.

“As the largest port in Ontario, the Port of Hamilton is the key supply chain gateway for steel and other essential goods that feed the region’s economy,” says Ian Hamilton, HOPA President and Chief Executive Officer. “This investment will help to ensure a reliable supply of steel necessary for residential and civil construction projects and for Ontario manufacturers.”

The contribution is part of a $9.8 million HOPA-led project to enhance the transfer of steel products between various transportation modes at the port. The project includes the construction of a new, 20,000 m2 rail transload facility at Pier 15, designed specifically for the handling of steel products. By creating new interconnections between marine, rail and road, this project will increase the efficiency and the resiliency of the supply chain in the region for the construction and manufacturing sectors. When completed, the facility will add more than 100,000MT of new steel handling capacity at the Port of Hamilton and enable a shift in trade flows from truck to rail, reducing carbon emissions associated with long-distance truck transportation of steel products.

The Port of Hamilton is critical to Canada’s steel industry, supporting key local and Ontario businesses such as automotive, construction, furniture and appliances and pre-engineered buildings. The port handles more inbound finished steel than any other gateway in Ontario, and these volumes are rising.

About Hamilton Oshawa Port Authority:
As an integrated port network, the Hamilton Oshawa Port Authority (HOPA) offers innovative port and marine assets in Hamilton, Oshawa and Niagara. An efficient, multimodal network on the Great Lakes, it supports Ontario industries and facilitate trade. By investing in high-quality infrastructure and prioritizing sustainability, HOPA helps build prosperous working waterfronts in Ontario communities. Overseeing more than 1,000 acres and more than 140 tenant companies, 40,000 Ontario jobs are connect to the cargo that passes through HOPA’s integrated ports.

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Government of Canada: https://www.canada.ca/en/transport-canada/news/2022/11/government-of-canada-invests-in-new-transload-facility-to-relieve-supply-chain-congestion-at-the-port-of-hamilton.html

For more information, please contact:

Larissa Fenn
HOPA Ports
905-525-4330
lfenn@hopaports.ca

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Blog: https://www.hopaports.ca/author/hopa/ #HOPAPorts          

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