The Prince Rupert Port Authority expects a $150 million loan from the Canada Infrastructure Bank (CIB) will improve flow of exports through the Port of Prince Rupert.
Work has already begun on the first phase of CANXPORT, a logistics hub a short distance from the Fairview Container Terminal.
“The innovative facility will enable the efficient containerization of bulk commodities such as agricultural, forestry, and plastic resin products with room to expand and diversify to handle additional cargoes in the future,” a May 23 PRPA press release stated.
According to the release, this is the first time the CIB has invested in a Canadian port.
“The Canada Infrastructure Bank’s historic investment in the Port of Prince Rupert’s CANXPORT project will enable transloading and logistics services on an unprecedented scale and unlock significant competitive advantages for…
