Friday, February 24, 2012

Canadian government grants C$15 million to RRUC project at Port of Prince Rupert

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The government of Canada today made a C$15-million (US$15.016 million) contribution to the Ridley Island Road, Rail and Utility Corridor (RRUC) project at the Port of Prince Rupert.

Together with contributions from the government of British Columbia, CN Rail and the Prince Rupert Port Authority, this C$90-million (US$90.097 million) project will expand capacity and operations at the Port of Prince Rupert, a vital part of the transportation network that makes up Canada's Asia-Pacific Gateway.

The RRUC project is a joint public- and private-sector investment that will provide road and rail access, along with utility services, to 1,000 acres of multi-user heavy industrial land that is accessible through the deep-sea terminals at the Port of Prince Rupert. The project features the development of a common user rail corridor, roads and access to port property. This infrastructure investment will solidify the development plan for the Ridley industrial site by creating the required transportation and logistical framework. Investments at the Port of Prince Rupert will support Canada's international trade with Asia.

"Building capacity at the Port of Prince Rupert is necessary for the expansion of Canada's trade with fast-growing Asian economies. This investment unlocks the sustainable development of port infrastructure and industrial waterfront that will benefit industries across Canada," said Don Krusel, president and chief executive officer of the Prince Rupert Port Authority.

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