Provincial government commits $14 million to Lewisporte marine terminal redevelopment

The provincial government is committing $14 million to help the Town of Lewisporte redevelop its former marine terminal and pursue new economic opportunities.

The agreement includes an additional $4 million on top of the $10 million previously committed to support the transfer of the wharf and associated lands to the town and advance economic diversification.

The funding is intended to help Lewisporte move forward with plans to transform the former marine terminal into a catalyst for investment, economic development and long-term growth.

The marine terminal was built in the early 1960s and historically served as a passenger and freight hub for Labrador coastal communities. Marine Atlantic operated ferry service from Lewisporte until 1997, after which the provincial government took over operations. The service was discontinued in 2019 when a new ferry service was established from Happy Valley-Goose Bay.

The transfer of the wharf and associated lands is subject to an agreement of purchase and sale that is expected to be completed this year. The transfer will give the Town of Lewisporte greater control over redevelopment opportunities at the site.

Premier Tony Wakeham says the investment delivers on that commitment and provides the town with resources to pursue new opportunities.

"Strong communities are the foundation of a strong province," Wakeham says. "Through the transfer of the wharf and our investment in its redevelopment, we are providing the town with the tools and resources it needs to build on its strengths and create new opportunities for residents, businesses and the broader region."