Hutchison Ports and CN to develop new US$575m container terminal at Port of Québec

Hutchison Ports and Canadian National Railway (CN) have signed a long-term commercial agreement with the Québec Port Authority (QPA) to build and operate a new inland deep-water container terminal, known as project Laurentia.

The C$775m (US$575m) project, which will be financed primarily through the joint investment of the three partners. The QPA also has ongoing discussions with the federal and provincial governments to complete the financing.

The Laurentia terminal will be the only facility in the St. Lawrence, which could accommodate the new generations of very large ships, while also benefiting from a direct railway and highway connection.