The Government of Canada has announced CAD$75 million ($56 million) of funding to increase capacity at the Port of Prince Rupert.
The funding will support the construction of a second berth at the Port of Prince Rupert terminal.
On 16 November the Minister of Transport, Omar Alghabra, announced an investment of nearly under the National Trade Corridors Fund to increase capacity at port.
With Trigon Pacific Terminals Limited’s contribution, the total combined investment in the project would be CAD$163.1 million ($122 million).
Alghabra commented: “Being North America’s closest port to Asia, the Port of Prince Rupert is critical to keeping Canada’s supply chains strong.
“By investing nearly CAD$75 million in the construction of a second berth at the Port of Prince Rupert, we are meeting the recommendations from the Supply Chain Task Force to help reduce port congestion.
“This investment also builds on our commitments in the Government’s Fall Economic Statement released earlier this month to help build an economy that works for Canadians.”
Rob Booker, CEO of Trigon Pacific Terminals Ltd, added: “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.”