Port of Prince Rupert Receives $150 Million for Infrastructure Projects
The Canadian government announced today an investment of more than $153 million for three infrastructure projects at the Port of Prince Rupert through the National Trade Corridors Fund.
The port, in partnership with CN, received $60.6 million to construct a new double track bridge across the Zanardi Rapids and rehabilitate the existing single track bridge, as well as expand the causeway between the Zanardi Bridge and Ridley Island.
The second project is rail infrastructure required to service the Ridley Island Export Logistics Platform Project in which the port received half the funding required for the nearly $100 million project.
And the Metlakatla Development Corporation received $43.3 million to help fund the Metlakatla Import Logistics Park project and is a strategic compliment to the Export Logistics Platform.
Ken Veldman, Vice President of Public Affairs and Sustainability for the port, says this investment will help the port continue on its vision of doubling volumes and allow for private sector investments in the future. "It enables us to execute our sustainable development plan. It allows us to maintain our fluidity, our capacity, and our competitiveness that we've become known for as we continue to grow."
Skeena-Bulkley Valley MP Nathan Cullen says it's exciting news, and represents another step in the northwest becoming a vital Canadian link to the world. "We always talk about diversifying the economy, not relying on just one or two commodities and this is an example of it and I think the port in general has helped save Prince Rupert in a great way."
Veldman says the port is in the process of setting up environmental impact studies for the three projects, and if all goes well construction is slated to begin mid-2020 with completion scheduled for 2022. These projects are estimated to bring in 3,100 jobs during construction.