On July 14, 2021, the Minister of Transport, the Honourable Omar Alghabra, announced that the National Trade Corridors Fund has officially received additional funding of $1.9 billion and that projects can now be financed. Applications are now being accepted and assessed under the fund’s continuous call for proposals. The fund ensures that Canada’s transportation system is well-positioned to attract further private-sector investment; reduce barriers to trade; help businesses grow, create jobs, and remain competitive through the pandemic recovery period. In addition, the fund builds long-term resilience, and addresses urgent transportation needs in the Arctic and Northern regions by ensuring that at least 15 percent of the renewed funding is strictly dedicated to this region.
Government of Canada provides additional funding to invest in trade corridor projects, July 14, 2021, www.tc..gc.ca