By Skies Magazine | July 10, 2023 Estimated reading time 3 minutes, 13 seconds.
In a bid to strengthen Canada’s supply chains and bolster its transportation infrastructure, the Government of Canada has announced a significant investment of nearly $94 million, under the National Trade Corridors Fund, towards a cargo development project at Toronto Pearson International Airport (YYZ). The project is aimed at enhancing cargo capacity and improving the efficiency of goods transfer.
Minister of Transport Omar Alghabra confirmed in a press announcement that two new facilities will be constructed at Pearson: the South Cargo Transfer Development Facility (YYZ South) and the North Cargo Apron Development (YYZ North). YYZ South will focus on expanding capacity for incoming cargo, while YYZ North will provide additional infrastructure to accommodate more cargo aircraft parking spaces — increasing overall cargo capacity. The timeline for the cargo development project has not been confirmed.
“With Pearson Airport being a key gateway for global and domestic cargo operators, this new funding will help strengthen our supply chains and ensure Canadians get the goods they need on time,” said Transport Canada.
The implementation of these two facilities will not only enhance cargo operations at YYZ, but will also contribute to the development of a robust supply chain in the Greater Toronto Area, the regulator noted.
“It’s no secret that the last few years have been difficult on supply chains here in Canada and across the world,” said Alghabra. “Toronto Pearson Airport is a key player in Canada’s transportation supply chain, and today’s funding of nearly $94 million is great news for the airport’s cargo-handling capabilities, for our supply chains, and for Canadians.”
Deborah Flint, president and CEO of the Greater Toronto Airports Authority, added: “The substantial funding from the National Trade Corridors Fund for our cargo development project will enhance our position as a vital gateway for global and domestic cargo operators. With improved capacity and infrastructure, we will facilitate faster and more efficient goods transfer, benefiting Canadian businesses and consumers.”
The National Trade Corridors Fund is a merit-based program initiated by the Government of Canada to improve the country’s roads, rail, air, and marine shipping routes, fostering both domestic and international trade as a result. A total of $4.6 billion over 11 years (2017 to 2028) has been allocated to the program.
