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Port of Québec deep-water terminal project supported by more than 100 import-export companies

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Port of Québec deep-water terminal project supported by more than 100 import-export companies

June 23, 2020 - 07:07
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More than one hundred companies have given their support to the development of Laurentia.

The Port of Québec's deep-water container terminal project, which will create a new economical supply chain for Quebec and Eastern Canadian importers and exporters, enabling them to gain efficient access to international markets in Asia and Europe.

The Quebec Container Terminal, operated by Hutchison Port Holdings (HPH) and Canadian National (CN), will open in early 2024 and will provide shippers with improved access to traditional markets in Europe and the Mediterranean as well expanding markets in Southeast Asia.

In addition to becoming the most ecological and technologically advanced facility in North America, the terminal will offer import-export companies faster transportation times and more competitive rates than those currently offered by other ports on the east coast of the United States operating in the deep-water seaport and large container ship markets.

HPH, the world's leading port investor, developer and operator with a network of 52 ports spanning 27 countries, and CN, an established transportation network providing access to the heart of North American industry, are making a stake, together with the Port of Québec, on Québec City becoming a new intermodal and transportation hub through the establishment of an essential supply chain. The port location and the Quebec Container Terminal offer critical responses to changing trends taking place in today's shipping industry. The Laurentia Project includes a wharf with a 16-metre water depth, capacity to accommodate 13,000 TEU container ships and a direct connection to a high-performance rail transportation network that can reach one hundred million North American consumers.

"Resolute's long-term export requirements are based on a modern and cost efficient supply chain. International markets are very competitive, and the Quebec City Big Ship Container Port will provide exporters as well as consumers access to bigger ships and trains, providing important efficiencies”, said Karen Roach, Vice-President Pulp & Paper Business Optimization, Resolute Forest Products.

Creator of 7,000 direct, indirect and spinoff jobs in Canada (equivalent to 1,750 full-time jobs/year) during its construction from 2021 to 2024, and more than 1,000 direct (highly paid), indirect and spinoff jobs in Canada once activity starts, the Laurentia project will increase and secure the supply and export chain for Québec and the rest of the country.