Oversized Load Corridor Funding Submission
By City Staff
An application to the National Trade Corridor Fund (NTCF) for the Oversized Load Corridor has now been submitted. The application requests $6 million, which amounts to 50% funding of the $12 million estimated project cost.
The Oversized Load Corridor will expand opportunities for the export of large oversized equipment from area fabricators to both national and international markets by creating a dedicated and protected transportation pathway from these fabricators to the deep water harbour at the Port of Sarnia.
Currently, each time an oversized load is transported to the harbour for transshipment, adjustments are needed along the route to relocate overhead obstructions and arrange for specialized docking. These necessary accommodations are costly and reduce local firms’ ability to operate more competitively.
A dedicated and protected Oversized Load Corridor would relocate or remove these obstructions and impediments, making it faster, cheaper and more efficient to transport oversized loads that can measure up to 30 feet wide, 30 feet high, and 150 feet long.
It is anticipated that an Oversized Load Corridor will result in significant local employment and a 30 year increase in the growth of local, provincial and national gross domestic product (GDP).
Upon successful funding from NTCF, the remaining $6 million in estimated project costs will be funded jointly as follows:
- $4,715,000 from City of Sarnia, as approved November 6;
- $1,200,000 from the County of Lambton, as approved November 1;
- $75,000 from St. Clair Township, as approved November 6; and
- $10,000 from the Sarnia Lambton Industrial Alliance.
This article was posted Tuesday, November 7, 2017 2:55 PM
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