Canada's Port of Prince Rupert expects to double capacity by 2040
THE Port of Prince Rupert in northern British Columbia, expects to double container capacity by 2040 to 1
THE Port of Prince Rupert in northern British Columbia, expects to double container capacity by 2040 to 1.35 million TEU under a newly released land use plan, reports Vancouver's Glacier Media.
DP World's Fairview Container Terminal saw movement of 1.2 million TEU in 2019, a 17 per cent increase over 2018.
'Container shipments are critical to future growth at the Port of Prince Rupert,' the plan said.
Port president Shaun Stevenson said the plan would guide continued growth and diversification.
'The plan reflects the feedback we have received from local [Indians] local government and residents, balancing environmental and community values while we work towards creating even greater economic and employment opportunities,' he said.
The year also saw the AltaGas' Ridley Island Propane Export Terminal come online and growth in Ridley Terminals' coal handling where cargo levels were up 18 per cent over the previous year. Thermal coal rose 46 per cent while petroleum coke rose nine per cent and thermal coal dropped three per cent.
In 2019, several infrastructure projects supporting growth and diversification at the Port of Prince Rupert were announced, including the Ridley Island Export Logistics Park, the Zanardi Bridge and Causeway Project, and the Metlakatla Import Logistics Park.
An anticipated C$2 billion (US$1.5 billion) in capital expansion projects starting in 2020 was expected to support further cargo growth, including DP World's Fairview Terminal expansion project that will bring the terminal's capacity up to 1.8 million TEU by 2022; the Vopak Pacific Terminal project, which is currently under environmental assessment and expects to make a final investment decision in 2020; as well as Pembina's $175 million Prince Rupert Export Terminal which was deferred in March due to a downturn in gas prices and pandemic impacts.