NL Government Invests in Port of St. Anthony

The Newfoundland and Labrador provincial government is providing $80,000 in funding to the St. Anthony Port Authority to support future infrastructure enhancements.

The investment will allow the port authority to complete a feasibility study focused on improving harbour access and infrastructure in order to maximize potential growth opportunities for the port. Funding is being provided through the Regional Development Fund and builds on previous funding of approximately $3 million for the authority.

Currently, wharf facilities at the port are constrained due to vessel congestion, as well as a lack of adequate depth required to accommodate larger vessels with drafts in the 10-metre range.

The proposed expansion will help the port move forward with long-term infrastructure plans and the authority’s goal of generating additional revenue through increased traffic and new access for additional users. Enhancing port capacity is important to future development and is supported by the Provincial Government’s Arctic Opportunities Initiative.

Such investment will help further position Newfoundland and Labrador as the “Path to the Arctic” and will promote economic development and diversification across the province as opportunities continue to emerge in the Arctic.

No Replies to "NL Government Invests in Port of St. Anthony"

    Leave a reply

    Your email address will not be published.