Today(Jul 7, 2023), the Minister of Transport, the Honourable Omar Alghabra, announced an investment of nearly $94 million under the National Trade Corridors Fund for a cargo development project at Toronto Pearson International Airport.
The project will improve cargo capacity by building two new facilities: the South Cargo Transfer Development Facility (YYZ South) and the North Cargo Apron Development (YYZ North). YYZ South will increase capacity for incoming cargo, and YYZ North will build additional infrastructure for more cargo aircraft parking spaces, which will also increase cargo capacity.
With Pearson Airport being a key gateway for global and domestic cargo operators, this new funding will help strengthen our supply chains and ensure Canadians get the goods they need on time. Together, these two new facilities will help handle more essential cargo coming through Pearson Airport and contribute to building a stronger supply chain in the Greater Toronto Area.
With the National Trade Corridors Fund, we are investing to keep our supply chains and transportation infrastructure strong. This represents another long-term commitment to work with industry partners on important supply chain and transportation infrastructure projects that will ultimately benefit Canadians.
