Friday, July 10, 2009

Saint John Board of Trade pleased with investment in New Brunswick Southern Railway

The Saint John Board of Trade is pleased with Tuesday’s announcement by the Provincial and Federal governments to fund the upgrading of New Brunswick Southern Railway lines in Saint John and McAdam. With matching funding from New Brunswick Southern Railway, the total investment in this project will be $36 million. This is a long-term investment which will lead to greater payload efficiency and improved costs for businesses.

“The continuing investment by New Brunswick Southern Railway and both levels of government in the lines makes New Brunswick and its businesses more competitive with the rest of Canada and enhances our role as an integral part of the Atlantic Gateway” said Kathy Craig, Chair of the Saint John Board of Trade. “The economic and environmental benefits from this project will help us on the road to self-sufficiency. We were pleased to hear that New Brunswick Southern Railway will be using a local supplier for its environmentally friendly railway ties. This is in line with the Benefits Blueprint’s design for supporting local businesses through the supply-chain. ” added Ms. Craig.


The Saint John Board of Trade is a nationally accredited business organization dedicated to fostering an economic climate that enhances growth, prosperity, and an improved quality of life in the community. With more than 1,000 members, representing 600 small, medium, and large businesses and organizations and therefore, the interests of more than 30,000 citizens, the Board is a dynamic advocate and the principal voice for the business community of Greater Saint John. It offers a variety of programs, activities, services, and networking opportunities designed to enhance the business prospects of members and the overall business climate of the area.

No comments: