HAMILTON, ONTARIO--(Marketwire - Jan. 10, 2013) - Local businesses, cargo carriers and freight shippers will soon benefit from major infrastructure improvements to the Hamilton International Airport, thanks to a joint funding initiative announced today by the Honourable Lisa Raitt, Minister of Labour and Member of Parliament for Halton, and the Honourable Bob Chiarelli, Ontario Minister of Infrastructure and Minister of Transportation.
A 60,000-square-foot cross-dock will be built to accommodate the growing air cargo business at the John C. Munro Hamilton International Airport. This new facility will include multiple truck docks; refrigeration for perishables such as flowers, fruits and vegetables and pharmaceutical products; a live animal centre; as well as cargo and courier handling facilities.
"Hamilton International Airport is a growing gateway for international trade and this new cargo facility will help the region's economy remain competitive and well-positioned for the future," said Minister Raitt. "Our infrastructure investments are an important driver of economic growth and job creation here in Ontario and across Canada."
"The Hamilton International Airport serves as an international gateway to south-western Ontario so our government is very pleased to be able to support its improvement," said Minister Chiarelli. "This is another example of Ontario's commitment to public infrastructure that contributes to long-term economic growth for the region and the province."
"The airport is a city-owned asset that has seen huge growth in cargo operations in recent years," said Bob Bratina, Mayor for the City of Hamilton. "This strategic investment will allow the airport to continue to develop Hamilton's air cargo business, providing more economic benefits to the city and region."
"I am thrilled with today's investment by the provincial and federal governments." said Frank Scremin, President and CEO, John C. Munro Hamilton International Airport. "It recognizes the importance of Hamilton as a transportation gateway at both a provincial and national level. We are very proud to have one of the strongest domestic air cargo distribution networks in Canada; this facility will provide an opportunity to expand upon existing business by allowing a greater variety of goods to be moved through the Airport."
The governments of Canada and Ontario are delivering an $8 million joint investment for the construction of this new facility. An additional $4 million is being invested by TradePort International Corporation, the management body responsible for the airport. The total eligible cost of this initiative is $12 million.
Under the Building Canada plan, Canada and Ontario have partnered to provide strategic funding for priority infrastructure needs. Through the Provincial-Territorial Base Fund, the Government of Canada is providing $175 million to strengthen infrastructure in Ontario.
Since 2006, the Government of Canada has made unprecedented investments in public infrastructure. Through the Gas Tax Fund alone, municipalities across the country have received over $10 billion in transfers for local infrastructure priorities. Making this fund permanent at $2 billion annually is part of Canada's Economic Action Plan - a plan to help create good jobs, economic growth and long-term prosperity. The City of Hamilton will receive more than $123 million from the Gas Tax Fund alone between 2010 and 2014 to improve infrastructure in the region.
These investments also support Building Together, the Government of Ontario's long-term infrastructure plan to repair, rebuild and renew the province's roads and highways, bridges, public transit, schools and postsecondary institutions, hospitals and courthouses. Since 2003, Ontario has invested approximately $75 billion in infrastructure. Building modern, efficient infrastructure has created or preserved close to 100,000 jobs each year, on average, making Ontario's economy more productive and improving quality of life, now and in the future.
For additional information about federal investments in infrastructure and to stay up-to-date with Web feeds, visit Infrastructure Canada's web site.
For more information on how Ontario is revitalizing its infrastructure, visit the Ontario Ministry of Infrastructure web site.
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