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2011-11-02 at 17:21

Triumphant port

By Jeff Labine, tbnewswatch.com
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The Port of Thunder Bay generates millions of dollars for Ontario’s economy and provides thousands of jobs across the province, according to a new economic study.

Tim Heney, president of the Thunder Bay Port Authority released the numbers of the study at a media conference on Wednesday. The study showed that the city’s port contributed $370 million through vessel activity and cargo handled at the marina terminals and provided 1,800 direct and indirect jobs.

The study was made in conjunction with the entire Great Lakes-St. Lawrence Seaway system and its more than 100 ports that generates $34.6 billion of economic activity in Canada and the US.

More than 500 indirect jobs were supported by $60.6 million of regional purchases by businesses supplying services at the marina terminals.

Heney said the study shows just how important the port is to the city’s economy.

“It’s been quite a while since we’ve had our study updated for Thunder Bay,” he said. “It just shows the magnitude of the impact the port has on the economy in this region.”

With the addition of a new crane, Heney said it will be a big asset for Thunder Bay and will provide more access to a lot more shipping companies that don’t have heavy gear on their ships.

One of the initiatives of the Port Authority is to diversify the cargo coming in and having a crane will help to accomplish this goal, he said.

“I think we’re going to see some pretty immediate impacts,” he said.

John Heimbecker, vice-president of Parrish and Heimbecker, which is based in Winnipeg, said he’s always suspected that the seaway in Thunder Bay had a significant impact but the study helped to solidify that argument.

“It’s nice to see it articulated and encroached in real numbers,” Heimbecker said. “In terms of Parrish and Heimbecker, we’ve been here since 1913 and this has always been the asset here. There’s a bit of a paradigm shift going on not only in Canada but in the world. You’ve seen grain prices in the last few years have come up enormously worldwide.

“Demand for grain is up, trade is up that’s why these new ships are coming in.”


 

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Comments

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Joey Joe Joe Jr. Shabadoo says:
WOW!

$370 million could buy alot of ART for the city...
11/2/2011 6:08:59 PM
spooner19 says:
Joey Joe Joe Jr. Shabadoo says:
Reply to this comment.

$370 million could buy alot of ART for the city...

Get over it already! It's not like they took money out of the roads budget or somewhere else and went out and bought art. You people need to research how a budget actually works and how it opens the door for future funding. People seem to be so narrow minded and do not see the big picture here.
11/2/2011 7:30:22 PM
iceman says:
I think our port has a much greater potential that is still not realized. If we had a government that thought for the future maybe the seaways would be widened to let the big salties in
11/2/2011 9:12:25 PM
nvjgu says:
Oh really ," I wounder what the numbers would have been when there was 3000 not 300 people working in the elevatiors 20 yrs ago alone. I believe CN had 2000," now there might be 30.
11/2/2011 11:47:29 PM
Joey Joe Joe Jr. Shabadoo says:
Wow spooner19....dont b so critical....it was a joke...You know as well as I do that $370 million would never be enough for all the art the city wants...:)

As for you saying: "It's not like they took money out of the roads budget or somewhere else and went out and bought art"
-------> Well honestly, once the peeps saw what 1 million dollars bought at the marina(2 lighted poles), they were upset, as I'm sure you were too...That 1 million COULD have gone towards the roads budget...It would have atleast been spent better than the 2 pieces of talking, flashing poles! Next time your car slams into a pothole here in town, be sure to think of that great artwork @ the marina!
11/3/2011 9:18:29 AM
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