Thank you for your question.
The Port of Saguenay is strategic in a number of ways. It's one of the only deep‑water ports in Quebec. It can accommodate large transoceanic vessels from the St. Lawrence, which provides a unique advantage. It's also directly connected to the railway system, and has fairly large storage capacity. However, it has certain infrastructure limitations.
As I said in my remarks, we're in the process of significantly improving part of our infrastructure with a mechanized bulk materials transportation project. We're quite pleased with this project. Another project will improve our shoreside infrastructure so that we can keep pace. For this project, we're currently applying for funding from the national trade corridors fund.
The Port of Saguenay is located in the middle of one of Canada's major industrial hubs. It serves the aluminum industry in particular and the forestry industry. As you said, we have great and unique potential for industrial development in Canada around our facilities with the new industries. However, to serve these clients, we need to develop the infrastructure at the same time. We're heading in that direction. We have infrastructure under construction and commitments, especially from the Quebec government, another key partner in the development of industrial infrastructure.
We're currently implementing the right conditions to make the Port of Saguenay a significant part of the logistics chain. We're doing this by strengthening our transportation and transshipment capacities to ensure that they remain substantial and consistent. Investments in our port facilities also give the area a capacity for large‑scale industrial development. The area already has the necessary energy and land available, provided that the right infrastructure is in place.
Investing in the port means investing in our future. Around here, it's often said that you can't go wrong when you invest in unique projects of this nature. We have enormous potential here. It's important not to give up. We already have the support of all levels of government. However, this support must continue, especially the support from the federal government. In the recent federal budget, we would have liked to see additional funding for current infrastructure programs to help us make decisions.