The Government of Canada is committed to strengthening Canada’s trade corridors, which support its supply chains, help grow its economy and ensure its recovery, while creating good, middle-class jobs.
The Minister of Transport, the Honourable Omar Alghabra, announced close to CA$105 million for three new projects with NAV CANADA under the National Trade Corridors Fund. These projects will help improve supply chain efficiency for Canadian airlines across the country.
The Government of Canada will contribute:
- Up to CA$39.2 million to provide new technology to improve the reliability, safety, and performance of Canada’s air transportation system, especially in the event of extreme weather and in remote communities. NAV CANADA will contribute $59.7 million toward the project, for a total investment of CA$98.9 million.
- Up to CA$34.5 million to implement technology to improve air traffic management. The proposed project would also allow for the implementation of drone traffic management services to monitor and control drone operations in Canada’s airspace. NAV CANADA will contribute $50.7 million toward the project, for a total investment of CA$85.2 million.
- Up to CA$31.2 million to improve the technology and infrastructure at four major airports (Montréal-Trudeau International Airport, Toronto Pearson International Airport, Calgary International Airport, and Vancouver International Airport) to respond to increased air traffic demand. The project will reduce flying time, decrease aircraft fuel consumption, increase the movement of cargo, and provide more efficiencies to meet the growing demand at these airports. For this project, NAV CANADA will contribute CA$45.8 million, which represents a total investment of CA$77 million.
Through the National Trade Corridors Fund, the Government of Canada is investing in well-functioning trade corridors to help Canadians compete in key global markets, trade more efficiently with international partners, and to keep Canadian supply chains competitive and resilient. It represents a long-term commitment to work with stakeholders on strategic infrastructure projects to address transportation bottlenecks, vulnerabilities, and congestion along Canada’s trade corridors (£1.00 = CA$1.57 at time of publication).Email Post to a Friend