Page 5 - Port Saint John’s $205 million Port Modernization Project
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and grow revenue to once again re-invest in
“….port infrastructure is our product,
infrastructure,” Quinn explains. “That was one of the
we need the right infrastructure to
driving factors for the modernization project.”
support and attract business and
Port Saint John is active in all cargo sectors. The grow revenue to once again re-invest
container sector, in particular, was one in which in the infrastructure.”
the port had reached a kind of a steady state, says — Jim Quinn, CEO, Port Saint John
Quinn.
reason, we agreed we needed to modernize our
“I bought it forward to my board and explained that container terminal and we also needed to keep
if we were going to stay active in containers we in mind our multi-faceted approach to our other
would have to realize the ships are growing in both sectors we have to ensure diversity in our cargo
size and draft. We needed to have infrastructure mix.”
to accommodate the changing dynamics of the
world’s container fleet and the changing dynamics MAPPING out the work
of container trade, for example, consolidation of
the shipping lines was a factor even then. For this The modernization marks the largest project
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