Montreal: Montreal’s new Viau cargo terminal will be managed by Termont Montreal, which will also be a partner in the construction of the 600,000 teu facility.
Canadian firm Termont’s commitment will be to the tune of $24.5m in the initial phase of the project, which is scheduled to be finished by autumn 2016.
The Port of Montreal, comprising four container terminals now before Viau is built, handled 1.4 million teu in 2014, a 5.7% rise over 2013, and a continuation of a steady growth in box traffic.
Termont Montreal is a provider of stevedoring and terminal handling services. As a longstanding partner of the Port, Termont has been operating the Maisonneuve container terminal since 1987. Mediterranean Shipping Company (MSC) will be a major partner of Termont in the Viau project.
When fully operational, the new Viau terminal will generate 2,500 direct and indirect jobs, along with $340 million in economic benefits. Its 600,000 teu of handling capacity will bring the port’s total to 2.1 million teu.
It will include a full-service berth for container vessels, two state-of-the-art post-Panamax cranes, a modern automated truck-marshalling gate, an efficient intermodal service using on-terminal rail operations, and a high-density container yard.
On top of Termont’s initial investment, the port authority and the federal government of Canada are contributing $64 million to the project. And if needed, Termont will invest an additional $23 million toward an expansion.