The Port of Montreal on Thursday announced a 12-year development plan that would triple its annual container-handling capacity to 4.5 million units and more than double its impact on the local economy.
Patrice Pelletier, a transportation expert named CEO of the Montreal Port Authority last September, told a 1,000-strong maritime industry audience: "We must act now to ensure we get our full share of world container traffic now growing at an annual rate of seven per cent."
He said U.S. East Coast ports are spending billions on infrastructure and better rail connections to grab more of the burgeoning container traffic moving between Asia and North America and Europe via the Panama and Suez Canals. Montreal must build on its geographical location and needs a collective effort to hold its own.
Patrice Pelletier, a transportation expert named CEO of the Montreal Port Authority last September, told a 1,000-strong maritime industry audience: "We must act now to ensure we get our full share of world container traffic now growing at an annual rate of seven per cent."
He said U.S. East Coast ports are spending billions on infrastructure and better rail connections to grab more of the burgeoning container traffic moving between Asia and North America and Europe via the Panama and Suez Canals. Montreal must build on its geographical location and needs a collective effort to hold its own.