Canadian government provides $83 million funds for port security
The Canadian federal government will provide C$115 million ($83 million) over three years to assist Canada’s ports and terminal operators with the cost of enhancing their security.
The Vancouver Port Authority welcomed the government’s decision. Canada requires ports and port facilities to have approved security plans in place and operational by July 1.
The Vancouver Port Authority said it forecasts a total cost of C$100 million ($72 million) or more for these security enhancements at the port of Vancouver. The port authority is investing C$13 million ($9 million) over a five-year period. It said that each terminal and facility operator will also face costs estimated at between C$250,000 ($180,000) and C$2 million ($1.4 million), depending on the nature of their operations.