SEPT-ÎLES, July 9, 2013 – Being now at mid-project schedule, the Port of Sept-Îles wishes to produce a progress review on Canada’s largest marine construction site.

With over 95% of project costs now known and incurred, the Port wants to declare its satisfaction with the favorable pricing that was obtained and will allow to deliver the project on budget ($220 million) and on time, with construction scheduled to wrap up in late March 2014.

The Port is also pleased that work is back in full swing after a provincial construction strike caused an eight-day work stoppage.

The Port would like to stress the considerable local spinoffs the project is currently generating:

  • 80 to 90% of the 130 workers currently at the site are local.
  • Over $20 million in services and equipment are provided by the following main local suppliers: Construction de lignes électriques N.G.E., Westburne, Nedco, Équipements Nordiques, Construction Tshiuetin, AXOR, and Bouchard & Blanchette Marine.

“We’re also very happy with the proactive support and cooperation of the teams from Pomerleau and Sandvik Canada, which have worked closely with our team to complete construction of the country’s biggest bulk port terminal,” said Port president and CEO Pierre D. Gagnon.

ABOUT THE PORT OF SEPT-ÎLES

Boasting a variety of state-of-the-art facilities, the Port of Sept-Îles is the leading iron ore port in North America, with an annual volume of nearly 30 million tons. Sept-Îles’ port facilities play a vital and strategic role in the operation of many businesses from the region’s primary sector. The Port’s annual economic impact is estimated at nearly $1 billion, with some 4,000 direct and indirect jobs. Through its activity, the Port of Sept-Îles therefore remains a significant source of wealth creation in Quebec and the rest of Canada.

Adobe® Reader® link