As the industry works to improve the reliability of supply chains, there are tremendous strides being undertaken to safeguard against today’s volatility and build system resiliency for the future. At the Port of Prince Rupert, this means a focus on planning and development of an integrated, intermodal ecosystem enabled by strategic capital investment in infrastructure to anchor resiliency to create value and advantage for its customers.
This year served as a pivotal year for the Port of Prince Rupert in laying the foundation for growing this shipper-centric intermodal gateway. Major infrastructure projects were completed in 2022, including DP World Prince Rupert’s Fairview Container Terminal expansion increasing capacity to 1.6 million TEU, and the Prince Rupert Port Authority’s Fairview-Ridley Connector Corridor, which created two new rail sidings and a 5 km private transportation corridor dedicated to intermodal commercial truck traffic. In addition, significant progress was made toward the expansion of import and export logistics and transload capacity with two projects representing over 500,000 TEU of capacity moving toward construction in 2023. Further, regulatory work progressed on the next phase of expansion for DP World’s Prince Rupert Container Terminal, anticipated to advance in 2023, that will bring capacity to 1.8 million TEU. Work also moved forward with DP World on the feasibility and planning for a second container terminal at Canada’s third largest port, anchoring a development plan that will see the Port of Prince Rupert’s capacity grow to an estimated 4 million TEU of container capacity by 2030.
At the Prince Rupert Port Authority, we see value creation through strategic partnerships, effective land use planning, and progressive asset management that inform our infrastructure investment decisions as core to our business. These capital-intensive investments will serve to not only increase intermodal capacity as we pursue our vision to build out a world-class intermodal ecosystem, but also enhance operational efficiencies, maximizing value, meeting forecasted growth in demand, and yielding a more secure future for Canadian supply chains in the years to come.