[290620.EN.BIZ] More Than 100 Companies Back HPH's Quebec City Terminal

HONG Kong's Hutchison Port Holdings (HPH) Quebec City terminal has received support from more than 100 companies, says the Port of Quebec.

Singapore-listed HPH has teamed up with the Canadian National Railway (CN) to run the deepwater terminal Laurentia.

It will open in 2024 and provide shippers with improved access to traditional markets in Europe and the Mediterranean as well as expanding markets in Southeast Asia.

"With Laurentia, the Quebec City region will act as a hub for intelligent intermodal transportation across North America," said Mario Girard, president & CEO at Quebec Port Authority.

"To have already received the support of a hundred import-export companies is further tangible proof of the need for Laurentia in the Quebec City region, but also for our province and our country. The players who are supporting us recognise the major benefits that Laurentia brings to their commercial activities," said Mr Girard.

The Laurentia project has been realised by a joint CAD775 million (US$571 million) investment by HPH, CN, and the Port of Quebec. The three organisations aim to develop an environmentally friendly terminal with a 16 metre deep wharf, capacity to accommodate 13,000 TEU container ships and a direct connection to a rail transportation network that can reach one hundred million North American consumers.

Source : HKSG.