On July 4, Transport Minister Marc Garneau announced a $2.1 billion Trade and Transportation Corridors Initiative (TTCI) to support Canadian businesses and spur job creation. The fund will be dispersed over 11 years to strengthen Canada’s trade infrastructure, including rail networks, roads, and waterways.
The Chemistry Industry Association of Canada (CIAC) applauds the establishment of a Trade and Transportation Information System to collect information and data on Canada’s transportation network.
“Data is essential in ensuring a fair, competitive, market-driven and commercially based system that supports growth and prosperity in Canada and its trading partners,” said Bob Masterson, CIAC President and CEO. “An efficient transportation network is critical to our industry, and this initiative will lead to improvements in level of service.”
CIAC has long been an advocate for increased funding for Canada’s transportation networks. The chemistry industry makes three-quarters of its annual shipments by rail and chemicals account for over 12 per cent of all Canadian rail traffic. This new fund will help ensure Canada’s railways meet the standards of our industry.
Benefits of the TTCI relevant to the chemistry industry include:
CIAC looks forward to working with the government on rail safety and ultimately, further efficiency of movement of Canada’s goods to world markets.
The Chemistry Industry Association of Canada (CIAC) is the voice of Canada's $53 billion chemistry industry and represents more than 50 members and partners across the country. Members of CIAC are signatories to Responsible Care® – the association's U.N.-recognized sustainability initiative.