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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (600)3/11/2013 9:51:41 AM
From: Goose94Read Replies (1) of 202922
 
Canadian National Railway (CNR-T) sees improvements at Ridley Island

March 11, 2013 - In the News

Construction began Friday on a $90-million road and rail corridor at the Port of Prince Rupert that is being described as the key to unlock access to Asian markets for Canadian resources. The Sun's Gordon Hamilton writes the corridor, which is to link the port's Ridley Island bulk export terminal to the mainland, is expected to open up 400 hectares of prime port land on the island to new development. Prince Rupert Port Authority's Don Krusel said that when the two-year-long project is completed, it will add 60 million to 90 million tonnes a year of potential export capacity. The road, rail and utility corridor is part of a broader $300-million multiphase port expansion underway at Prince Rupert and is the catalyst to attracting megaprojects like the BG Group's proposed liquefied natural gas terminal to the island. Further, metallurgical coal mines in the province's northeast and proposals to develop the mineral wealth of the northwest all require access to the deepwater port. The project consists of five parallel rail tracks that will loop around the island. The eight-kilometre-long corridor will enable expansion of the existing export facilities.
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