PSA International has signed an agreement to acquire 60% of the Ashcroft Terminal (AT) in Western Canada, which recently announced a US$ 21.5 million upgrade.
The terminal is an inland facility located 300 kilometres east of the Port of Vancouver, with connections to the Canadian National Railway and Canadian Pacific Railway.
As part of the recent upgrade, AT is set to receive a new rail link to the Canadian National mainline, as well as an additional rail track of existing infrastructure, an internal road system within the terminal, and a multi-purpose storage facility.
Ashcroft is also close to the major highways of British Columbia, which drive much of the province’s service industries.
The terminal specialises in handling natural resources, such as mining, forestry and agriculture, as well as oil and gas.
Orla Robinson, of the Vancouver Fraser Port Authority, discusses the sustainability of vessel speeds in a recent Port Technology technical paper
Speaking about the agreement, CEO and President of AT Robert Landucci said: “We are excited to have PSA onboard at Ashcroft Terminal and are committed to work together to jointly develop this facility and make a positive contribution towards the livelihoods of the local communities.
“PSA’s expertise as a world-leading port operator, coupled with Ashcroft Terminal’s current service to Canadian producers, established relationships with key stakeholders and Ashcroft Terminal’s in-depth knowledge and experience in rail operations will put the terminal in good stead for future growth.”
Tan Chong Meng, Group CEO of PSA, commented: “Ashcroft Terminal is PSA’s first foray into Canada and offers us an entry point into the hinterland supply chain for the North American market, as well as an opportunity to increase our capabilities in intermodal and inland container depot operations.
“The terminal’s strategic location allows us to establish a common user ICD and provide greater options to cargo owners and consignees. We will partner with shipping lines, rail operators and trucking companies to implement a more robust, efficient and cost-effective supply chain solution to serve the needs of major exporters in Western Canada.
Read more:
-
The Port of Montreal has announced it will collaborate with a capital development fund Fonds de solidarite FTQ
-
The Canadian government has announced a $7.5 million investment in the Port of Thunder Bay’s infrastructure
