Federal budget vows more funding for transportation industry

OTTAWA, ON – The 2017 federal budget was announced yesterday providing some overdue attention to freight transportation planning in Canada. The federal Liberal government’s 2017 budget includes a new National Trade Corridors Fund that is meant to address capacity constraints and freight bottlenecks at major ports of entry in addition to improving connections between rail and highway infrastructure.

The National Trade Corridors Fund is set to receive $2 billion over 11 years from the federal government to support its activities. In addition, the budget mentions an additional $5 billion will be supplied through the Canada Infrastructure Bank to focus on trade and transportation priorities.

Also revealed in the budget was an allocation of $50 million over 11 years to Transport Canada to launch a trade and Transportation Information System which would provide support for a new Canadian Centre on Transportation Data. According to the CTA, there isn’t a lot of national data regarding the movement of goods and that an investment in something like a Trade and Transportation Information System should improve the current situation. …Read the rest of this story

Source:: http://www.todaystrucking.com/federal-budget-vows-more-funding-for-transportation-industry