An organization representing states and Canadian provinces in the Great Lakes region released a $3.8 billion plan designed to improve their shared maritime transportation system and make cargo shipping more competitive.
Aside from doubling maritime trade, the region's first waterborne transportation strategy is intended to support industry and reduce environmental damage, said Gov. Rick Snyder of Michigan and Premier Kathleen Wynne of Ontario, who released it on behalf of the Conference of Great Lakes and St. Lawrence Governors and Premiers.
“The maritime system connects regional markets with one another and with the world,” Snyder said. “By leveraging maritime transport on the Great Lakes and St. Lawrence River, we can boost the region's $5 trillion economy and create jobs throughout the region.”
A preliminary analysis suggests the plan would take about 10 years to carry out, the officials said.
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