OTTAWA – The Government of Canada intends to amalgamate the Oshawa and Hamilton port authorities to form a new entity.
A certificate of intent to amalgamate, which formally announces the Government’s intent, will be published in the Canada Gazette, Part I on February 9, 2019.
In a press release the transport ministry said the amalgamation represents an opportunity to take advantage of emerging business opportunities and to increase economic growth and develop the supply chain in this densely populated region. The integration of port activities in Oshawa and Hamilton is expected to enhance investment and trade opportunities, and contribute to Canada’s global competitiveness.
The publication of the certificate of intent in the Canada Gazette, Part I will mark the beginning of a 30 day consultation period. Interested parties will have until March 11, 2019 to submit comments. Following the consultation period, the Government may decide to confirm the amalgamation through the publication of a certificate of amalgamation in the Canada Gazette, Part II.
The Oshawa Port Authority was established in 2012, and the Hamilton Port Authority in 2001. The two port authorities carry similar commodities including steel, project cargo and bulk cargo such as fertilizers, asphalt and grain.
Cargo handled at both ports produces over $6 billion in economic activity and 4500 direct and indirect jobs.