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3/24/2011



Rail News: Rail Industry Trends

Canadian government sets strategy for Atlantic Gateway trade corridor


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Yesterday, Canadian government officials announced the Atlantic Gateway and Trade Corridor Strategy, which along with certain transportation project investments, is designed to optimize the region’s trade potential.

The Atlantic Gateway is an integrated rail, air, marine and road transportation network between North American markets and trade markets in Europe, the Caribbean, Latin America and Asia via the Suez Canal. The gateway features deepwater ports, intermodal facilities, Class I rail infrastructure throughout North America, air cargo facilities, secure border crossings and three main truck corridors, government officials said in a prepared statement.

The government plans to provide an additional $2.5 million to market the Atlantic Gateway to increase international trade through the region. Now, more than $200 million from a Gateways and Border Crossings Fund will be committed to support the region's trade-related transportation system, government officials said.
 
"The Atlantic Gateway and Trade Corridor Strategy ensures our region has the infrastructure and regulations necessary to build the robust, competitive economy Atlantic Canada needs to prosper in the 21st century," said Keith Ashfield, minister of state for the Atlantic Gateway.



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