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"Our country is uniquely positioned to capitalize on the spectacular growth that is occurring in the Asia-Pacific region," the Prime Minister said. "Canada should be the crossroads between the massive economy of the United States and the burgeoning economies of Asia."
The Prime Minister announced federal contributions totaling $591 million for over a dozen Pacific Gateway projects. The goal is to help Canada capture a larger share of the West Coast shipping market. A total of $321 million will be immediately committed to a variety of infrastructure, transportation technology and border security projects in Western Canada, which are scheduled to be completed within four years.
"This is a massive undertaking. It is a collaborative effort involving all levels of government and the private sector," the Prime Minister stated, adding that private sector firms have committed over $3 billion in related capital investment in Asia-Pacific Gateway and Corridor-related projects between 2004 and 2010.
Originally posted by Duzey
*This post has been brought to you in an effort to say something nice about the Conservatives