Ranking for 2015: 58
Industry Sector: Transportation
Specific Sector: Port
Range: $500,000,000 - $1 billion
Project Value: $820,000,000
Government Funds Involved: N/A
Funding Source: Private
Location: Prince Rupert, British Columbia
Estimated End Date of Substantial Completion: 2017
This project consists of the expansion of the existing port into a state-of-the-art container terminal. Once completed, the new terminal will occupy 200 acres of land and be capable of handling 1.2 million twenty-foot equivalent units annually. The project is comprised of two phases.
Phase 1 was completed in late 2007 and cost $170 million. It consisted of three 120-metre-high cranes capable of handling 500,000 TEUs annually.
A comprehensive study report for Phase 2 was completed in late 2012. Planned investment for the Phase 2 development totals $650 million (just the container terminal, listed by itself in 2013’s list) and includes a $90-million Road Rail Utility Corridor, which started construction in March 2013. This corridor includes construction of five parallel rail tracks, a two-lane roadway, and a port-owned power distribution system along an eight-kilometre corridor. Maher Terminals operated the terminal from its opening until 2015, when DP World Canada purchased the right to operate the terminal. Construction is expected to be completed by 2017.