The Canada Infrastructure Bank investment to improve flow of Canadian exports through Port of Prince Rupert ...Middle East

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The Canada Infrastructure Bank investment to improve flow of Canadian exports through Port of Prince Rupert
source : NY Times News ( Middle East ) () 78
The Canada Infrastructure Bank (CIB) has reached financial close on a $150 million loan to the Prince Rupert Port Authority (PRPA) for the first phase of a project to build CANXPORT, according to CIB’s release. The new export logistics hub will expand capacity and capabilities for rail-to-container transloading of multiple export products at the Port of Prince Rupert, improve Canadian supply chains, and drive trade and economic growth. Work has already begun to prepare one of Canada’s busiest ports for the new facility, located a short distance from Fairview Container Terminal, which will provide access to capacity to improve the balance of import and export cargoes that will benefit t

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