In a move that’s expected to help Canada’s future cargo capacity needs and limit its risk to supply chain disruptions, the Prince Rupert Port Authority announced Thursday that it has inked a two-year agreement with Dubai-based logistics company DP World that would explore the feasibility of building a second container terminal.
The agreement involves studying the proposed site south of Fairview Terminal, steps to curb impact to the environment and neighborhoods, ways to better protect the country supply chain from disruption and how the project can mesh into the port’s intermodal system, according to the port.
“This agreement is a clear demonstration of our commitment and confidence in the viability of a second terminal at the Port of Prince Rupert,” Maksim Mihic, CEO and general manager of DP World (Canada) Inc. said. “Our vision for this proposed project will ensure the Canadian trade and supply chain landscapes are future-proofed.”
“The feasibility studies will employ a pragmatic approach, exploring the use of advanced technologies and ideas to position the new terminal as an industry leader within Canada and the world,” he continued.
If the project moves forward, it would allow Prince Rupert to increase its annual capacity by two million TEUs, bolstering Canada’s trade volumes in the Asia-Pacific markets and its regional economy, according to the port.