More than $7 billion is being spent on asset renewal and infrastructure improvements in the bi-national Great Lakes-St. Lawrence shipping system.
Investing in the Future of the Great Lakes-St. Lawrence Seaway
More than $4.8 billion has been invested in the navigation system from 2009-2013 and another $2.3 billion is committed to improvements from 2014-2018. Two-thirds of the capital (67 per cent) was invested by private companies with 33 per cent coming from government funding.
Amongst the most significant investments, Canadian, American and international ship owners are spending $4.1 billion on the biggest renewal of the Great Lakes-St. Lawrence fleets in 30 years. The Canadian and U.S. federal governments, through respectively The St. Lawrence Seaway Management Corporation and the Saint Lawrence Seaway Development Corporation, have dedicated close to $1 billion to modernize the Seaway’s lock infrastructure and technology over the 10-year period — the Seaway’s most significant transformation in five decades. And Great Lakes and St. Lawrence River ports and terminals are also collectively investing more than $1.8 billion on expanding their docks, equipment, facilities and intermodal connections.