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Originally Posted by bingun
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I’m not sure if they’re the same fund or not, but possibly there’s more than one?
Here’s the accompanying YT video from the article:
• Video Link
Really great to hear the port is continuing to post record growth. I hope we see a roadmap to 1 million TEUs and beyond as part of these upcoming updates on Port Saint John developments. DP World and CPKC both seem to believe Port Saint John has the potential to be a 1 million+ TEU container port. It’s entirely plausible that Saint John could even pass the 1 million TEU mark before Halifax does, if PSJ maintains or increases this growth trajectory.
As Craig said in the interview, it’s the investments and coordination with their partners that has led to this historic success for the port. It’s amazing to think about what new partners could be be working with Port Saint John into the future… I hope we see a lot more productive and value added developments to come for Spruce Lake Industrial Park than the controversial data centre.
I still find it a bit convoluted and confusing how the Port contributes to the Saint John Region’s local budgets instead of just paying taxes… but there’s no denying that a growing and developing port is good for the city, region, and entire province of New Brunswick.
The port can help attract a lot of businesses and commercial/industrial ventures to invest in Saint John, which will mean more jobs and tax revenue for this city and region. I just hope Premier Holt and her government have pitched much bigger ideas to Prime Minister Carney for expansion and development at the Port Saint John than rail upgrades and a fix for Simms Corner.