The Québec Port Authority has announced the signing of a long-term commercial agreement with Hutchison Ports and CN to build and operate the new container terminal called Laurentia. The $775 million project will be financed primarily through the joint investment of the three partners. Laurentia terminal is strategically placed, and it will be able to play a unique role in the continent’s supply chain. As the major inland deep-water terminal in North America, it is the only facility in the St. Lawrence which could accommodate the new generations of very large ships. It also benefits from a direct railway and highway connection and has all the necessary space to handle efficiently thousands of containers per year. The project is currently under an environmental assessment process with the Canadian Environmental Assessment Agency.