Feds iron out $55M investment for new dock in Port of Sept-les

The federal government has agreed to invest upwards of $55 million to assist in the construction of a new multi-user dock in the Port of Sept-Îles, Que.

The deep-water dock will be used for shipping iron ore from mines in Quebec and Labrador, to help the port meet global shipping demands for the iron ore industry. It will be equipped with two ship loaders and two conveyor lines.

Denis Lebel, Minister of Transport, Infrastructure and Communities, and Peter Penashue, Minister of Intergovernmental Affairs made the announcement on Feb. 13, 2012.

The construction of the dock is expected to create 1,000 new jobs – with an additional 200 jobs being created at the Sept-Îles Port Authority for operational support – over a two-year period.

The overall project is valued at $220 million and is expected to be complete by March 31, 2014.