Privately Owned Deepsea Port Planned For Canada

Plans are being made for a privately owned deepsea port to be built on the lower St. Lawrence River to help handle anticipated increases in Canadian raw materials exports. The project, slated for Gros Cacouna, 175 kilometers east of Quebec City, has been under consideration since the early 1960s.

Federal and provincial ministers signed the relevant documents recently, along with representatives of the main developer, Misener Holdings Ltd. of Toronto. Misener Holdings is assembling a private investment group to finance the project.

The plan calls for construction of a grain elevator with a capacity of about 150,000 tons. This first stage is estimated to cost $60 million. If the project proceeds as planned, the grain elevator is scheduled to start operating in the second half of 1982, involving as many as 250 vessel calls annually.

Depending on demand, other phases would be undertaken to handle more grain and the transshipment of dry bulk materials such as coal, potash and iron ore.

Other stories from April 1980 issue

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.