Port and Rail Infrastructure: The Key to Our Future Prosperity

Transcription

1 Port and Rail Infrastructure: The Key to Our Future Prosperity Patrice M. Pelletier President and CEO Montreal Port Authority PORT DE MONTRÉAL Au coeur du commerce PROPRIETE DE L ADMINISTRATION PORTUAIRE DE MONTREAL

2 Port of Montreal (MPA) Competing port capacity (Millions de TEU, ) World s largest Inland Port Canada s Second largest port after Vancouver One of Top 5 ports on the Eastern Seaboard New York/ New Jersey, 5.3M 10.0M Halifax, 0.5M Montreal, 1.6M 4.3M Virginia, 3.0M 6.5M Port Montreal Capacity 2007 (TEU M) 1.6 Capacity 2020 (TEU M) 4.3 Expansion (TEU M) 2.7 New York Virginia Charleston, 1.8M 3.2M Savannah, 2.6M 6.5M Charleston * Savannah * Charleston has only announced one expansion project due in 2013, but has also acquired additional land in Jasper County 1 Source: AAPA 2008

3 MPA Governance One of 17 Canadian Port Authorities Federal Agency Canada Marine Act (1999) C-23: Access to Federal funding for infrastructure, environmental sustainability and security Removal of borrowing limits for large ports Provisions for port amalgamation 7 person Board of Directors - 3 Federal, Provincial and Local Representatives - 4 Port User Representatives 2

4 Owner-Operator and Landlord 3

5 Three Gateways/Corridors Asia Pacific Gateway and Corridor Ontario-Quebec Continental Gateway and Trade Corridor Atlantic Gateway 4

6 The Continental Corridor From Canoe to Canal to Rail & Road Canoe Canal Railroad Montreal Chicago 5

7 Continental rail network: CN & CP MONTREAL Network Legend 6

8 Competitive transit times Montreal provides one of the fastest combined surface and maritime transport times from Europe and the Mediterranean to the North American east coast and Midwest. Example of transit times Chicago 1.5 d. MONTREAL 8 days 9 days 11 days Bremerhaven 2.5 d. 2.5 d. New York Virginia 9 days 11 days 9 days Gibraltar Northern Europe Mediterranean Montreal 9.5 days 10.5 days Shortest transit time Chicago New York 11.5 days 11.5 days Virginia 13.5 days 13.5 days 7 Source: Study of Inland Container Transportation Costs, IBI Group for the Port of Montreal

9 Port Traffic 90% of Montreal traffic is on the North Atlantic A good trade balance Balanced Trade = Efficient Transportation of Goods Latin America 7.5% Domestic 2.5% North Atlantic 90% Outbound trade 55% Inbound trade 45% 8

10 Vision 2020: Market Factors/Outlook Core business of MPA will remain Trans-Atlantic commerce Main Competitors: NY/NJ, Virginia, Charleston, Savannah Changing Patterns: Doubling of Panama Canal capacity 2015 Increased Container Intermodal Traffic 9

11 Waterfront Landmarks Yokohama Passenger Terminal Sydney Opera House Tate Modern 10

12 Vision 2020: Two Businesses Freight Passenger Phase 1: Phase 2: Maximize existing infrastructure efficiency/capacity Redevelop existing sites for optimum bulk/container storage Phase 3&4: Develop new facilities expand capacity Rebuild Marine Passenger Terminal Redevelop Alexandra Pier as a Landmark 11

13 Realizing the Vision Public/private partnerships work with PPP Canada Issue Revenue Bonds Access Government of Canada funds for Infrastructure, Security, Environment Federal Asset Evaluation Program : Optimize assets Given widespread benefits Government borrowing repaid through general revenues 12

14 A Real Investment in Tomorrow s Prosperity 13

15 Le Port de Montréal Vision 2020