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September 03, 2008 | General

Federal investment in Port Alberta

A federal investment of almost $760,000 will enable the Edmonton International Airport (EIA) to develop two key components of the Port Alberta initiative. The Airport will establish a logistics support centre that will serve as a one-stop cargo processing facility for services such as security and regulatory clearance.

Funding will also allow for the development of a SmartPort Platform that uses state-of-the-art information technology for tracking and monitoring cargo. The investment from Western Economic Diversification Canada, made through its Western Diversification Program, will receive a matching investment from the Edmonton International Airport for a total project cost of more than $1.5 million.

“This new funding provides for two key components for developing Port Alberta at Edmonton International Airport,” said Reg Milley, EIA President and CEO. “EIA, as part of the broader regional initiative, will become a major cargo processing centre with onsite warehouse and logistics facilities, capable of hosting multiple modes of transportation and acting as a catalyst for advancing global trade and distribution across the region and the globe.”

For the full story, visit: http://www.wd.gc.ca/77_10623_ENG_ASP.asp