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Prince Rupert Opens $750 Million CANXPORT Logistics Hub

A new $750 million export hub has officially opened at the Port of Prince Rupert, marking a pivotal shift in Canada’s ability to move petrochemical, forestry, and mining goods to Asian markets. The facility, known as CANXPORT, serves as a cornerstone for the port's broader $3 billion expansion strategy.

Bio & NewsAugust 28, 2026352 reads0

Operated by Montreal-based Ray-Mont Logistics, the site provides critical rail-to-container transloading capacity, offering a direct link between Western Canadian producers and global buyers. CN supported the development by upgrading the Zanardi Rapids Bridge and expanding rail corridor capacity to accommodate higher volumes. The project represents a significant financial collaboration, anchored by a $150 million loan from the Canada Infrastructure Bank, alongside nearly $50 million from Transport Canada and $25 million from the Province of British Columbia.

Indigenous involvement sits at the core of the project’s execution. A joint venture involving the Metlakatla First Nation, Lax Kw'alaams Band, Gitxaala Nation, and IDL Projects Inc. led the construction, while Indigenous-owned firms now manage essential drayage operations. With the capacity to process 400,000 twenty-foot equivalent units annually—and a path to reach 750,000—the hub leverages the port's status as North America's closest gateway to Asia. This infrastructure investment follows a year where the port handled 26.3 million tonnes of cargo, reflecting a 14% increase in throughput over 2024.

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