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Article: CN, Maher Terminals of Canada Corporation and the Prince Rupert Port Authority announce plans to launch new container terminal in first-quarter 2007.
- Article from:
- Business Wire
- Article date:
- April 29, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PRINCE RUPERT, British Columbia -- With $60 million in funding for the new Port of Prince Rupert container terminal now secured from the Canadian and British Columbia governments, CN, Maher Terminals of Canada Corporation and the Prince Rupert Port Authority announced today plans to make the new terminal a reality in the first quarter of 2007.
- CN has obtained approval from its board of directors to increase its financial contribution to the terminal to $30 million from $15 million. Of the $30 million total, $15 million will be spent on the intermodal yard at the port, $10 million on terminal trackage, and $5 million on infrastructure improvements to CN's ...