UAE-based global port operator DP World and the Prince Ruper Port Authority have entered into a two-year agreement to explore possibilities for a new container terminal in the Canadian port.
The potential project would add up to 2 million TEUs of annual capacity to the Port of Prince Rupert, boosting Canadian trade capacity with important Asia-Pacific markets.
The proposed terminal represents the continued advancement of the Prince Rupert Port Authority’s container terminal master plan done in 2019, which outlined the potential for an additional box terminal, south of the existing Fairview Terminal.
“A second container terminal will help consumers, exporters and industries across the country while continuing to contribute significant economic benefit for local communities, the broader region and our Indigenous partners,” commented Shaun Stevenson, president and CEO of the Prince Rupert Port Authority.
With this agreement, the two parties will begin various studies on the proposed site, with a focus on steps required to minimise environmental and community impact, improve the resilience of Canadian supply chains, and ensure the project’s full integration into the port’s intermodal ecosystem.
“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,” said Maksim Mihic, CEO and general manager of DP World (Canada) Inc.
Once the study period is complete, both partners will finalise a definitive project development plan that will be subject to regulatory review and authorisation.
