PRINCE RUPERT, B.C. — Officials in B.C. will pour $25 million into improving and expanding operations at the Port of Prince Rupert to bolster its international trade infrastructure.
“Our investment in the Port of Prince Rupert will help create new good-paying jobs in our region, while improving western trade corridors and helping Canadian importers and exporters get goods to market,” said Jennifer Rice, MLA for North Coast, in a statement. “It will support regional businesses and provide the necessary infrastructure to boost our provincial economy to help build back stronger from the hit of the COVID-19 pandemic. This is an important investment in the future of Prince Rupert and of B.C. as a whole.”
The 28-hectare project will be headed by the Prince Rupert Port Authority.
Officials plan to upgrade and expand infrastructure at the Ridley Island Export Logistics Platform. The scope of the project includes building a platform to increase transloading capacity for Canadian natural resource products destined for international markets.
The project will increase the port’s export transloading capacity from 75,000 twenty-foot equivalent units (TEUs) to over 400,000 TEUs annually. The project will also focus on upgrading rail tracks and building dedicated roadways to and from the Fairview Container Terminal. It will also feature new offloading and storage facilities plus related large-scale equipment.
The project is being paid for through a mix of public and private investment, including a $49.8-million federal contribution through the National Trade Corridors Fund and a $25-million provincial contribution as part of StrongerBC, B.C.’s Economic Recovery Plan.
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