CIB agrees to lend $150-million to the Prince Rupert Port Authority to help finance construction of the first phase of the B.C. logistics project called Canxport
The port authority serves as the landlord for tenants such as DP World PLC at the Fairview container terminal in Prince Rupert.The Canada Infrastructure Bank is backing a $750-million project designed to bolster exports from the Port of Prince Rupert and reduce shipments of empty containers heading to Asia.has agreed to lend $150-million to the Prince Rupert Port Authority to help finance construction of the first phase of the B.C. logistics project called Canxport .
CN chief executive officer Tracy Robinson said she is excited that the railway’s customers will be able to access new export markets. “This investment in the Canxport project marks a significant step in enhancing marine shipping efficiency and reliability, ensuring smoother transportation of goods,” Mr. Rodriguez said in a statement.
More than 704,000 TEUs of exports and imports went through the Port of Prince Rupert last year. Imports, including consumer goods from Asia, accounted for 52 per cent of the total. Empty export containers accounted for nearly 30 per cent of the total and 18 per cent were loaded export containers.
Canxport Cent Port Teus Goods Capacity Canada Containers Fairview DP World Vancouver
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