Port of Vancouver to land new grain terminal
The Port of Vancouver will be getting a new grain terminal, its first since the 1960s.
G3 Terminal Vancouver, an affiliate of G3 Global Holdings (G3), announced Dec. 21 that it will build a "a state-of-the-art grain export terminal" in North Vancouver, British Columbia.
Construction will begin in March 2017, with the terminal slated for completion in 2020, according to G3.
The terminal will feature a rail loop track capable of holding three 134-car trains, include more than 180,000 metric tons of storage, and handle cereal grains, oilseeds, pulses and special crops, much of which will be supplied via a throughput agreement with G3 Canada Limited. Trains will be able to travel to Vancouver, unload while in continous motion and travel back to G3's primary elevators without detaching from their locomotives, GS says.
"Our Vancouver terminal is central to G3's vision of a coast-to-coast grain handling network that sets a new standard in efficiency," said Karl Gerrand, CEO G3. "We plan to transform the movement of grain through the west coast, providing Canadian farmers with competitive pricing and reliable delivery opportunities."
G3 Global Holdings is a limited partnership between SALIC Canada Limited and Bunge Canada. Its holdings include G3 Global Grain Group, the parent company of G3 Canada Limited; and G3 Terminal Vancouver.
G3 Canada Limited, based in Winnipeg, Maitoba, assets include grain elevators, port terminals and what the company says its the largest private fleet of grain hopper cars in Canada.
G3 Terminal Vancouver is a limited partnership between G3 Global Holdings and Western Stevedoring Company Limited.