OTTAWA — The federal government has announced it will issue a new call for proposals for projects under the National Trade Corridors Fund on Jan. 15.
In this round, Transport Canada will evaluate projects on specific trade-related criteria that:
improve the fluidity and/or performance of the transportation system to contribute to an increase in the value and/or volume of goods exported from Canada to overseas markets.
increase existing, or generate new, overseas trade flows as a result of the investment.
Projects will be assessed “for the extent to which they will add capacity or address bottlenecks near major ports, airports, or along road and rail corridors in Canada that help generate or increase overseas trade,” said a recent release.
With the exception of projects submitted by federal agencies or Crown corporations, all eligible projects must demonstrate they have secured funding for those costs not funded by the Government of Canada.
To date, the minister of transport has approved over $800 million from the National Trade Corridors Fund to 39 projects, contributing to a total infrastructure investment of $1.9 billion, with funding contributions from other levels of government and the private sector, the release noted.
The evaluation criteria for the expression of interest phase are available on Transport Canada’s website. Detailed information on the process and how to apply, along with the applicant guide, will be added to the website on Jan. 15.