Furey Announces Support for Port of Argentia Marine Terminal Expansion

Premier Andrew Furey announced a more than $15 million investment to support the Port of Argentia’s Multi-Tenant Docking Infrastructure Project.

The Port of Argentia will conduct a multi-year project to develop a multi-purpose, ice-free marine support and service base in Cooper Cove in Argentia Harbour.

There are two companies to the proposed development. The first component encompasses a marine base while the second encompasses a roll on roll off ramp to service the energy industry and other innovative industrial clients.

This investment of $15,180,000 will leverage the remaining project financing of more than $72 million from a combination of the applicant, industry and the Government of Canada’s National Trade Corridor Program.