Next Expansion Phase of Prince Rupert Fairview Terminal to Begin in Mid-2019
- Business & Finance
The Port of Prince Rupert and DP World have agreed on terms of a project development plan that outlines the next phase of expansion for the DP World Prince Rupert Fairview Container Terminal.
As informed, the Phase 2B expansion will increase annual throughput capacity at Canada’s second largest container terminal to 1.8 million TEUs when complete in 2022.
The 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.
The 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, according to the port authority.
“The execution of this agreement signifies DP World’s 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’s west coast, a timely response to forecasted growth in trans-Pacific trade and supportive of Canada’s efforts to diversify markets through new free trade agreements such as the CPTPP,” Bud Smith, Port of Prince Rupert Chair, commented.
The 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.
Separately, the port authority announced the completion of the Atlin Promenade, the latest waterfront improvement project to be funded by the Port of Prince Rupert. The port believes the 80-meter Atlin Promenade will be a significant aesthetic and logistics improvement for cruise business at the Northland Terminal.