Government of Canada invests in Port of Prince Rupert18/11/2022
The Government of Canada said it is committed to strengthening supply chains in the country in order to enhance the national economy.
On 16 November, the minister of transport, Omar Alghabra, announced an investment of nearly CA$75 million (US$56 million) under the National Trade Corridors Fund to increase capacity at the port of Prince Rupert. With Trigon Pacific Terminals Limited’s contribution, the total combined investment in the project will reach CA$163.1 million (US$121.8 million).
The funding is expected to support the construction of a second berth at the Port of Prince Rupert terminal. The purpose of this second berth is to help reduce congestion, increase the port’s capacity to export products for green energy and other clean commodities, and also to increase the capacity of the trade corridor linking the Port of Prince Rupert to Western Canada.
“National Trade Corridors Fund support of Trigon’s B2BC second berth project will enable us to increase our terminal’s export capacity and accelerate our diversification into green energy exports, while also strengthening B.C.’s northern corridor supply chain. We are grateful to the Government of Canada for helping to make this a reality,” commented Rob Booker, CEO of Trigon Pacific Terminals Ltd.
Source: Container News