Halifax Port Authority Receives CA$25 Million Investment for Green Shipping Corridor
Key Ideas
- Canadian Minister Anita Anand announced a CA$25 million investment in the Halifax Port Authority to enhance supply chain efficiency.
- The investment aims to develop a green shipping corridor between Halifax and the Port of Hamburg, focusing on facilities for alternative fuel-powered ships and a hydrogen production facility.
- Part of the funding will also support the Ship to Shore Crane Infrastructure project to improve terminal capacity and operational efficiency at the Port of Halifax.
- Halifax Port Authority's President emphasized the importance of the funding for feasibility studies, equipment acquisition, and workforce development.
The Canadian Minister of Transport and Internal Trade, Anita Anand, has approved a significant investment of up to CA$25 million for the Halifax Port Authority in Canada. This investment includes CA$22.5 million to expedite the creation of a green shipping corridor connecting Halifax with the Port of Hamburg in Germany. The development activities for this corridor will involve constructing facilities that can cater to and provide fueling services for ships running on alternative fuels. Additionally, a hydrogen production facility will be established to support environmentally friendly shipping operations.
The remaining CA$2.5 million of the investment will be directed towards the Ship to Shore Crane Infrastructure project, aiming to alleviate congestion in the supply chain, enhance terminal capacity, and boost operational efficiency, particularly for larger vessels using the Port of Halifax. This initiative aligns with the National Trade Corridors fund's objectives.
Fulvio Fracassi, the President and CEO of the Halifax Port Authority, expressed gratitude for the allocated funding. He highlighted that the financial support will be pivotal in conducting feasibility studies, assessments, procuring new equipment, and fostering workforce development within the port. The investment is expected to have a positive impact on the efficiency and sustainability of maritime operations in the Halifax region.