Transport Canada announces intent to merge Hamilton, Oshawa port authorities

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If the amalgamation happens, the newly-formed port authority would have a single board of directors and be responsible for all assets and liabilities, despite the lands being physically separate, Garneau said.
Feb. 06, 2019 Natalie Paddon The Hamilton Spectator



Transport Canada has announced plans to merge the Hamilton and Oshawa port authorities. Both carry similar commodities, including steel, project cargo and bulk cargo like fertilizers, asphalt and grain, according to the release. - Hamilton Port Authority


The federal government's intention to merge the Hamilton and Oshawa port authorities makes sense for "economic reasons," according to Canada's transport minister.
Marc Garneau said the amalgamation, which would see one new entity formed, would allow for synergy between the two ports — both of which are primarily focused on cargo.
"We believe that by amalgamating both we will actually have an even more efficient port authority that will get even more business, will be able to optimize its supply chain and will attract more investment," he said in a phone interview Tuesday.
The Hamilton and Oshawa port authorities carry similar commodities, including steel, project cargo and bulk cargo like fertilizers, asphalt and grain, according to a government news release.
If the amalgamation happens, the newly-formed port authority would have a single board of directors and be responsible for all assets and liabilities, despite the lands being physically separate, Garneau said.
While PortsToronto — formerly the Toronto Port Authority — is geographically sandwiched between the ports of Hamilton and Oshawa, it is smaller and responsible for managing the Billy Bishop Toronto City Airport in addition to the harbour.
The federal government created the Hamilton Port Authority, which is the largest port in Ontario, in 2001 to replace the 89-year-old Hamilton Harbour Commission.
In 2012, Oshawa's Harbour Commission became a port authority. The Oshawa Harbour Commission, which had been in place since 1960, was the last harbour commission in the country.
The move toward amalgamation comes after Garneau announced a review of Canada's port authorities in March 2018 — 20 years after they were first established.
Mayor Fred Eisenberger, who served as chair of the Hamilton Port Authority board in the early 2000s, said the possibility of a merger was raised then as the government looked to create efficiencies.

Read whole article;
https://www.thespec.com/news-story/...nt-to-merge-hamilton-oshawa-port-authorities/
 
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