b'28American Journal ofTransportation ajot.com(FUTUREcontinued from page 26)investor with sufficient deep pockets (and determination) to operate and finance a container terminal at Contre-coeur, which is about 25 miles downstream from Mon-treal on the St. Lawrence River. As this issue ofAJOT was in production, such a partner was announced on Sep-tember 8global Logistics giant DP World.The Montreal Port Authority (MPA) and DP World in Canadahave entered into a Joint Development Agree-ment for the design of the land-based works of the future container terminal scheduled for completion in 2030. Selected for its international expertise in operational excellence,technologicalinnovation,andsustainable development, DP World will make the future Contrecur terminal its sixth port facility in Canada, joining Fraser Surrey, Nanaimo, Prince Rupert, Saint John, and Vancou-ver. Globally, DP World operates in more than 60 ports and terminals across 64 countries.The agreement with DP World here in Canada marks a decisive step in realizing the Port of Montreal expan-Aerial view of zinc critical minerals shipment at Port of Churchill.Courtesy of Arctic Gateway Group.sion project in Contrecur, saidJulie Gascon, President and CEO, Montreal Port Authority .By leveraging inno-Port of Churchill destined for bigger rolevation, sustainability, and the expertise of a world-class partner, we are strengthening the Port of Montreals stra-tegic role as an economic engine for Quebec and Canada.in Canadas foreign trade DougSmith,CEOofDP WorldinCanada,said: Were honoured to deliver this transformational project, which will elevate the Port of Montreals role in global By Leo Ryan, AJOT trade and diversify Canadian trade.Significantly enough, DP World has a strong connec-A historic new chapter is looming this fall for theOur government, Carney said, is in the process oftion with Quebecs huge pension groupthe Caisse de northern Manitoba remote Port of Churchill, Canadasunleashing half a trillion dollars of investment in energyDpot et Placement du Qubecwhose assets approach only deepwater facility with Arctic Ocean access. Ownedinfrastructure,portinfrastructure,particularlyintelli- C$500 billion. The relationship between La Caisse and and operated by the Arctic Gateway Group (AGG), agence infrastructure. He referred to the Churchill under- DPWorldinvolvesverybiginvestmentpartnerships, partnership of First Nations and Hudson Bay Commu- taking as virtually creating a new port. includinga2022agreementwhereCDPQinvested nities, it has recently emerged high on the federal gov- HisremarkscamejustdaysaftertheAGGandUS$5 billion for a minority stake in DP Worlds Dubai ernmentsinfrastructureagendaforbroadeningtradeFednavLimited,Canadaspioneering Arcticshippingassets,anda2016agreementtocreateaUS$3.7bil-across the Atlantic with Europe and developing marketsenterprise,signedaMemorandumofUnderstandinglionglobalinvestmentplatformfocusedonportsand for critical minerals and LNG. Such diversification and(MOU) to explore strengthening Canadas Arctic tradeterminals. These collaborations are designed to expand trade expansion are all in response to the new world ordercorridor through the Port of Churchill. DPWorldsglobalpresenceandprovideCDPQwith ignited by President Trumps tariff warfare. ThiscollaborationwillrelyonFednavsdecades- exposuretofast-growingmarketsandtraderoutes. While in Germany in August, Prime Minister Markoldexpertisein Arcticmarineoperations(mainlycon-If all proceeds under a revised plan, the Contrecoeur ter-Carney singled out Churchill as well as the Port of Mon- centrated on services to mining companies) and AGGsminal in which CN Railway has teamed up with the MPA treal for major infrastructure investments to be announcedestablished trade and transportation infrastructure. Amongto integrate the facility to its North American network, in a matter of weeks. (DESTINEDcontinued on page 30) (FUTUREcontinued on page 29)EUROPE - GREAT LAKES SERVICEConnecting the Baltic, Continent, Mediterranean and the Great LakesContainer liner service between Europe and Valleyfield, Cleveland and DuluthCONTAINERSLiner owned equipment door-to-door serviceBULK CARGOMore info: www.spliethoff.com or [email protected] / [email protected] CARGO'