Transport Canada is set to re-examine the country’s existing port authority system with an aim to ensure a competitive and innovative future for its ports.
The proposed review of Canada Port Authority system is expected to optimise the port’s role in the transportation system as strategic assets that support inclusive and sustainable growth and trade.
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The review will comprise a series of discussions as well as see the engagement of local people, Canada Port Authorities, provincial governments, municipalities, as well as broader domestic and international marine sector stakeholders.
Findings of the review, which is scheduled to be available next year, are anticipated to identify potential policy, legislative and regulatory changes to help Canada Port Authorities to consolidate their position as major players in the Canadian economy.
Canada Transport Minister Marc Garneau said: “Ports are a critical part of Canada’s transportation network and trade corridors, and need to remain innovative and competitive in today’s dynamic environment.
“I invite marine stakeholders and Canadians to provide input that will help shape the future of Canada’s port system so that it continues to support sustainable and inclusive growth.”
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By GlobalDataCanada currently has 18 Canada Port Authorities that were established in 1998 to operate on a commercial basis, independently from the federal government.
The authorities are estimated to handle more than 60% of Canada’s commercial cargo volume.
Last year, ports and marine shipping carried almost C$90bn ($70bn) worth of Canada’s exports to world markets and brought in C$110bn ($85.3bn).
