With the announcement of the signing of memorandums of understanding with eight major partners from the maritime, transportation and research world, the Laurentia project will become the cornerstone of a new and dynamic global ecosystem for innovation in logistics and maritime transportation technologies. The international partnerships that will be created by these agreements will ensure that the Québec City regional economy will enjoy significant benefits well beyond the core investment of $775 million already planned for the construction of the Québec Container Terminal, the 1,000 sustainable jobs related to the terminal operation, and the estimated $100 million of annual economic impact. The linking together of Hutchison Ports, the Port of Rotterdam, CN, PortXL, Québec International, Université Laval, the Ville de Québec and the new logistics services supply chain associated with the new container terminal will create an exciting launchpad for Québec-based enterprises to reach world markets.
Thanks to these agreements, Québec is integrating a global network of maritime industrial and technological expertise that will become a catalyst for the enterprising spirit and know-how of our regional business and scientific communities. As a result, Laurentia will become an economic engine powering the creation of commercial enterprise and entrepreneurship with advanced technologies in sustainable maritime transportation and logistics. The new Québec centre for global maritime and logistics innovation will attract researchers and startups in the sector to capitalize on and enrich the culture of innovation in the Québec City region. Hutchison Ports, with its international network that spans 52 ports in 27 different countries, will help connect and promote Québec-based technology and innovation enterprises with opportunities around the world.
In terms of innovation and technological development, the innovation zone will benefit from the presence of Université Laval and Research Chairs recognized in Québec for the advances they have made in the fields of artificial intelligence, supply chain optimization, and green technologies in maritime transportation.
Strategic positioning along the St. Lawrence River valley
In terms of maritime trade, the new intermodal logistics corridor established by the Québec Container Terminal project will revitalize the economic vitality of the St. Lawrence, and it is anticipated that the collaboration created by the Innovation Zone will contribute to even greater optimization and technological enhancements over the coming years. The outcomes will keep the Port of Québec and the St. Lawrence supply chain at the leading edge of fast, efficient and economical trade between North America and world markets. Most notably, Laurentia has the potential to create a logistical hub to benefit companies in eastern Québec. The project will bring together both direct and indirect partners, including municipal government representatives, as well as representatives from the agricultural sector and the environmental and social fields, to meet the needs of businesses.
In addition, after Singapore, Rotterdam and Antwerp, these agreements mark the opening of PortXL’s very first branch in North America. PortXL, a leader in the technological integration of port activities and the acceleration of new logistics-based innovations, will further assist in the promotion and sharing of best practices between international operators in the maritime sector and academic institutions.