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Port Metro Vancouver Applauds Canpotex Vancouver Terminal Expansion Plans
June 26, 2008
Approximately half of this increase will be accommodated by an expansion adjacent to the Port’s Neptune Bulk Terminals in North Vancouver. The remaining tonnage will be shipped through a new terminal planned for Ridley Island near Prince Rupert.
“We are encouraged that this important Canadian commodity will continue to be shipped through Canadian ports, and at substantially increased volumes,” said Captain Gordon Houston, President and Chief Executive Officer, Port Metro Vancouver. “We look forward to expanding our existing potash capacity, which aligns with our goal of providing excellent service, facilities and reliability to Canadian exporters.”
This projected increase in potash export capacity complements the North Shore Trade Corridor Initiative, a Port program to develop road and rail enhancements in the Lower Mainland. Partners in this initiative include Port Metro Vancouver, CN Rail and North Shore terminal operators, along with Transport Canada, the BC Ministry of Transportation and Translink.
Port Metro Vancouver is Canada’s largest and most diversified port, trading more than $53 billion in goods with more than 100 trading economies annually. Port activities generate 69,000 jobs across Canada with $4 billion in Gross Domestic Product and $8.9 billion in economic output.