Cornwall harbour deal done; feds give $5.3M for operations

In this Thursday, June 30, 2016 photo provided by the City of Cornwall, stakeholders in the Port of Cornwall sign an agreement transferring ownership of the land from the federal government to the Cornwall Akwesasne Port Development Corporation. (City of Cornwall via Newswatch Group)

CORNWALL – The ink is dry on documents transferring the Port of Cornwall to a joint partnership between Cornwall and Akwesasne.

Members of Transport Canada, the city and First Nation were at city hall this morning (Thursday) to sign the agreement.

The port will now be managed in a 50-50 partnership, known as the Cornwall Akwesasne Port Development Commission.

The deal includes just over $5.3 million from the federal government to cover the costs of operations and maintenance to the port.

The package includes nearly 20 acres (7.93 hectares) of land, the adjoining waterlot and the commercial wharf.

Transport Minister Marc Garneau says the transfer is β€œan exciting opportunity for the City of Cornwall and the Mohawk Council of Akwesasne…to collectively manage this valuable asset in a manner that best suits the community and responds to local needs.”

This is the last federal government port property in Canada to be transferred.