We should hear more in the ‘not too distant future’ about federal funding to the tune of $68.3M for Port Saint John’s west side modernization project, according to the president and CEO.
It’s a seven year $205M project which involves major work at the port’s west side handling piers and facilities as well as dredging of the main channel. Jim Quinn says with federal funding you first have to get your project approved as being eligible.
“Then you have to go through a secondary review that says, yeah, everything is indeed in order there’s a closer analysis in some respect that says everything is in order,” says Quinn, “and then that goes before treasury board ministers for their consideration and that’s the stage we’re at now.”
He tells us “we’re very near” of hearing news about that.
It was announced in July of last year that the federal government chose the project for funding consideration for up to $68.3M and the province has pledged to invest the same amount of seven years. Port Saint John would provide the rest of the funds for the project.
