For immediate release November 25, 2021
MISSISSAUGA BOARD OF TRADE CELEBRATES APPROVAL OF CN MILTON LOGISTICS HUB
(Mississauga – November 25, 2021) – The Mississauga Board of Trade (MBOT) applauds the decision by the Canadian Transportation Agency to approve the CN Milton Logistics Hub, a project that MBOT has supported since its inception.
This announcement represents the final approval needed to begin construction on this critical piece of infrastructure. “We are delighted that the CN Milton Logistics Hub will be able to move ahead, providing increased capacity for the movement of goods through our region and helping to meet the growing demand for rail freight capacity,” said Trevor McPherson, President & CEO of the Mississauga Board of Trade. “This project will address regional supply chain issues, facilitating international trade, while reducing emissions and reducing the burden on the region’s highways.”
“Demand for capacity to transport goods by rail continues to increase and adding capacity to move an additional 450,000 container units per year is a big deal for the whole region,” noted Mr. McPherson. “We’re thrilled that there will be no further delays in moving forward with this project, which will have a significant positive impact on the Region’s competitiveness on a global stage.”
The Milton Logistics Hub is a $250 million privately funded infrastructure investment on CN-owned land in Halton Region – a project that was subjected to significant delays as the result of a slow and cumbersome approvals process, which is now finally complete.
About the Mississauga Board of Trade
Since being established in 1961, MBOT has played an important leadership role serving and representing the interests of business of all sizes and sectors in our community.
Mississauga is Canada’s sixth largest city and third largest in Ontario – with a population of over 700,000 residents and more than 50,000 businesses employing over 440,000 people, including 60 Fortune 500 Canadian headquarters. Mississauga is where successful companies choose to do business. MBOT’s large, diverse and active membership has made us one of the most vibrant business associations in Canada.
As the “Voice of Business” we advocate on policy issues that impact local business at all levels of government and are influential in helping to shape policy decisions. MBOT also offers a wide variety of valuable business services and professional development programs, networking events and marketing opportunities, to help business grow, prosper, and get connected.
For more information or to arrange an interview:
President & CEO, Mississauga Board of Trade
[email protected] | 905-273-6151 x 350