Feds boost local trade routes with $1.9b investment

Brampton was ground zero for a major funding announcement last week, as the federal government announced that $1.9 billion would be invested into funding key trade corridors throughout the country.

Minister of Transport Omar Alghabra and local councillors were on-hand earlier this week to announce the investment, which will allow transportation providers to apply for the National Trade Corridors Fund, which is aimed at attracting private-sector investment; reducing barriers to trade; helping businesses grow; and addressing urgent transportation needs in the Arctic and Northern regions.

“As Canada emerges from the pandemic, it’s important that we support projects that will create well-paying middle-class jobs. By funding investments in our roads, rail, air and marine routes, shipping we’re building Canada back better while increasing our competitiveness globally,” Alghabra said during the announcement.

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Asia Metro Editor

Surjit Singh Flora

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