Canada Infrastructure Bank invests $150 million in Prince Rupert’s CANXPORT project

Chamber of Shipping > Blog > News > Local > Canada Infrastructure Bank invests $150 million in Prince Rupert’s CANXPORT project

The Prince Rupert Port Authority (PRPA) has initiated a significant expansion project, CANXPORT, backed by a $150-million loan from the Canada Infrastructure Bank (CIB). Announced on May 23, the funds will be used to construct a new export logistics hub adjacent to the Fairview Container Terminal. This hub aims to enhance the capacity and efficiency for the export of Canadian commodities such as agricultural products, forestry goods, and plastic resins. CANXPORT, set to commence operations by the third quarter of 2026, will initially handle 400,000 20-foot equivalent units annually with potential for further expansion. The project’s primary contract was awarded to an Indigenous joint venture including the Metlakatla First Nation, Lax Kw’alaams Band, Gitxaała Nation, and IDL Projects Inc., highlighting a significant collaboration with local Indigenous communities.

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