February 20, 2015
Purpose
The purpose of Infrastructure Investment Survey of the Great Lakes and St. Lawrence Seaway System report is to provide the maritime community, policy makers, and the general public with information on the level of investments being made in Great Lakes-St. Lawrence Seaway navigation system. By quantifying these investments, this survey helps illustrate confidence in the future viability of the navigation system and optimism regarding the region’s economy.
Results
A total of C$ 7.1 billion (US$ 6.9 billion) is being spent on asset renewal and modernization of vessels, ports and terminals and waterway infrastructure in the Great Lakes-St. Lawrence Seaway navigation system.
- Between 2009-2013 more than C$ 4.8 billion (US$ 4.7 billion) has been invested in vessels, ports and terminals and waterway infrastructure in the Great Lakes-St. Lawrence Seaway navigation system. An additional C$ 2.3 billion (US$ 2.2 billion) in capital spending has been committed for infrastructure investments in the system by companies and governments.
- Capital investments being made by the private sector total C$ 4.7 billion (US$ 4.6 billion) or 67 percent of the total amounts invested between 2009-2013 and committed for future investments.
- Public sector spending on infrastructure in the Great Lakes-St. Lawrence Seaway navigation system amounts to C$ 2.4 billion (US$ 2.3 billion) between 2009-2013 and committed for future investments.
- Capital investments being made in port and terminal facilities and waterway infrastructure total C$ 3.0 billion (US$ 2.9 billion).
- Canadian, American and international ship owners are spending more than C$ 4.1 billion (US$ 4.0 billion) on the biggest renewal of the Great Lakes fleets in 30 years.
Click to learn more about the Survey:
Updated: Monday, February 23, 2015