The port of Saguenay has sought approval to develop a new forest products terminal at Grande-Anse. It proposes that on the basis of its own traffic forecasts, current facilities will soon be at capacity and a new facility is required.
Port Saguenay is administrated by the Canada Ports Corporation, a commercial crown corporation. Infrastructure developments undertaken by the corporation must be commercially viable.
The proposal to expand the Grande-Anse terminal was only put forward on the basis of $23.5 million in grant funding being available to finance the project. This grant funding is not available and the expansion is currently on hold. The Canada Ports Corporation will continue to monitor the viability of the proposed expansion.
Question No. 70-