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Monday, February 21, 2011

Port Gets Millions For Expansion

The Port of Saint John getting a huge funding boost from the federal government and the province.

The Feds investing 4.5 million dollars into expanding the berthing capacity of the port.  The total project costs 14 million dollars and the remainder will be split evenly between the province and the port.

Minister of the Atlantic Canada Opportunities Agency Keith Ashfield says it's a sound investment as cruise ships are getting bigger and are carrying more passengers.

The funding is part of two other infrastructure announcements by the federal government: 5.2 million for the Fredericton Airport and 4 million for the Moncton Airport.