\nThe Phase 2B expansion will increase annual throughput capacity at Canada\u2019s second largest container terminal to 1.8 million TEUs (twenty-foot equivalent units) when complete in 2022.
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\nDP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said: \u201cCanada is an important part of our global network and we are delighted to confirm these plans, which underline our commitment to Prince Rupert, which plays a major role in enabling trade in the region and across the west coast with rail connections inland to the rest of the country and the United States. It also demonstrates the excellent relationships built with the Port Authority and the confidence we both share in the future and the creation of jobs in the community, stimulating the local and regional economy. I would like to thank all our partners and people at Prince Rupert for their commitment and ongoing support.\u201d
\nThe Fairview Phase 2B project follows the 2017 completion of Fairview Phase 2A, which increased the terminal capacity by 500,000 TEUs to its current capacity of 1.35 million TEUs. Construction on Phase 2B will begin in mid-2019. There will be an initial gradual release of capacity to 1.6 million TEUs in 2020, following the completed expansion of the container yard to the south.
\nPort of Prince Rupert Chair, Bud Smith, said: \u201cThe execution of this agreement signifies DP World\u2019s commitment to enabling Canadian trade with another significant investment that will bring a total of one million additional TEUs of container capacity to the Port of Prince Rupert in less than five years. This project will provide critical trade-enabling infrastructure for Canada\u2019s west coast, a timely response to forecasted growth in trans-Pacific trade and supportive of Canada\u2019s efforts to diversify markets through new free trade agreements such as the CPTPP.\u201d
\nThe project will expand the container yard from its current 32 hectares to 41 hectares and add two new rubber-tired gantry (RTG) cranes as well as an eighth dock gantry crane. The existing maintenance and administration buildings will be relocated to create additional container storage capacity.[\/vc_column_text][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n