Canadian Pacific Announces Transload & Logistics Hub on Canada’s Pacific Coast
Canadian Pacific Railway Limited (“CP”), is proposing to build a multi-modal, multi-commodity transload and logistics facility on strategic land holdings adjacent to its existing intermodal rail facility in Pitt Meadows, B.C. The proposed facility, named the CP Logistics Park: Vancouver, is in the early stages of design and is subject to regulatory approval prior to CP’s final investment decision.
“As Canada continues to seek sustainable ways to fuel our economic recovery, the CP Logistics Park: Vancouver would be a critical piece of infrastructure to keep Canadian goods moving, create jobs and build confidence in Canada as a strong and sustainable global trading partner,” said Keith Creel, CP President and Chief Executive Officer. “Moving goods by rail is environmentally sustainable, removes long-haul trucks from our publicly funded roads and highways, and ultimately reduces greenhouse gas emissions for the benefit of us all.”
The proposed 41-hectare facility has three major rail and transload components:
Agricultural hub where Canadian agricultural products will be received by rail and transloaded to shipping containers for distribution in custom allotments around the world;
An auto compound to receive by rail North American-made automobiles destined for local distributors, with specific design consideration to accommodate electric vehicles; and
A liquid energy transload and rail facility to serve Metro Vancouver demand for transportation fuels and ethanol.
The project will ensure critical infrastructure is in place in Vancouver, Canada’s largest trade gateway, to meet current and future demands of the Canadian economy. CP Logistics Park: Vancouver will also help strengthen the critical link between Canada’s farmers and markets in Asia.
CP has already commenced its First Nations engagement for the project, which is within Katzie First Nation Traditional Territory. CP will now commence community engagement with other stakeholders. Members of the community are invited to visit cplogisticspark.ca to learn more about the project and provide their feedback. Due to the COVID-19 pandemic, open houses will be held virtually on December 8 and 12 and a project feedback form will be available on the website until January 15, 2021. Further engagement in 2021 will focus on environmental studies now underway.
About Canadian Pacific
Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of CP. CP-IR
Source: Canadian Pacific Railway Limited