Expansion of port’s grain export facility to increase storage capacity by 82 percent
Richardson International has been given the green light to begin the CA$120 million expansion of its Vancouver grain terminal by Port Metro Vancouver.
The expansion, representing the single largest investment at the port for more than twenty years, will increase the storage capacity of the grain export facility, which has been running at capacity for several years, by as much as 82 percent to 178,000 tonnes.
“We are very pleased to move forward with this project as we see it as key to meeting growing demand from global markets,” said Darwin Sobkow, executive vice-president, Agribusiness Operations.
“This expansion will allow us to serve both our farm customers and international buyers more effectively by increasing capacity to move Canadian grains and oilseeds to rapidly emerging markets in Asia-Pacific and around the world.”
Richardson's Vancouver terminal handles in excess of 3 million metric tonnes (MMT) of grains and oilseeds annually. However, this expansion, which will see the build of an 80,000-metric-tonne concrete grain storage annex, will allow Richardson to handle over 5 MMT of grains and oilseeds a year.
The expansion project, due to start imminently, is scheduled for completion in 2015, and will result in the creation of 40 to 50 permanent positions at the port terminal facility.