Port of Prince Rupert unveils expanded terminal, 'a strategic gem' for CN Rail
The expansion project at the Port of Prince Rupert wrapped up Tuesday with the unveiling of the upgraded Fairview Container Terminal, a hub that analysts say has emerged as one of Canadian National Railway's most prized corridors for growth
By News on the Net -- Financial Post—— Bio and Archives--August 30, 2017
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The expansion project at the Port of Prince Rupert wrapped up Tuesday with the unveiling of the upgraded Fairview Container Terminal, a hub that analysts say has emerged as one of Canadian National Railway’s most prized corridors for future growth.
The $200-million investment by Dubai-owned DP World has turned the Prince Rupert facility into Canada’s second largest container terminal, increasing the annual capacity from 850,000 twenty-foot equivalent unit (TEU) containers to 1.35 million. Since opening in 2007, the container has grown from weekly service featuring one train per week to servicing major steamship companies and more than 14 trains a week. An upgrade was needed, said DP World Canada’s general manager Maksim Mihic in a statement. -- More...
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