Economic Assessment of Marine Infrastructure in Western Newfoundland ¨C A Community-Based Approach
The Association of Canadian Port Authorities has determined that marine-related infrastructure is essential for Canada, and in particular, Newfoundland and Labrador, to sustain a competitive advantage in the global economy. International trade is expected to triple by 2020, much of it transported by ship. There is a growing need for ports to have correct equipment, technology, and trained personnel to provide a seamless transportation chain, and eliminate congestion and resulting cost increases along the supply chain (Industry Information, 2007). The Stephenville-Port aux Basques regional council of the Rural Secretariat in Newfoundland and Labrador has commissioned this project to conduct community-based research to determine the location, condition and planned marine-related infrastructure in the region. The data will be analyzed and used to provide conclusions that will form the basis for advice to the provincial government concerning future economic development in the region.