A vital supply chain link for grains and other goods will undergo a major upgrade over the next three years.
The St. Lawrence Seaway Management Corporation (SLSMC) on Sunday announced an investment of over $350 million to enhance critical infrastructure and ensure strong supply chain links and reliable transportation for goods. Spanning from April 1, 2024, to March 31, 2027, the project will see $180 million spent in the Welland Canal region, with the remaining $170 million earmarked in the Montreal to Lake Ontario section of the waterway.
The Great Lakes-Seaway System is a 3,700 km “marine highway” that extends from the Atlantic Ocean to the Great Lakes. Over 200 million tonnes of cargo travel on the waterway on an annual basis.
“This investment reflects our commitment to providing a resilient and sustainable supply chain for Canadians,” said Jim Athanasiou, President and CEO of the SLSMC. “By enhancing the reliability of our infrastructure, we are highlighting the vital role of the Seaway in ensuring goods reach their destinations efficiently while supporting innovation and sustainability in marine transportation.”
The work will include upgrading locks and bridges, improving energy infrastructure, and upgrades to mechanical and structural systems.
Grain made up almost 28% of the total seaway cargo in 2023, which was an increase of 5% compared to 2022. Wheat accounted for about 62% of the total grain, which was 28% higher year-on-year.
