A new export grain terminal in North Vancouver, British Columbia will be built by G3 Terminal Vancouver, the company announced on 21 December.
It would be the first new grain terminal constructed at the Port of Vancouver since the 1960s and would be able to handle cereal grains, oilseeds, pulses and special crops.
Construction is due to start in March with a scheduled completion date in 2020.
“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 G3 CEO Karl Gerrand. “We plan to transform the movement of grain through the west coast, providing Canadian farmers with competitive pricing and reliable delivery opportunities.”
The G3 Vancouver terminal will feature a rail loop track that will be capable of holding three 134-car trains, unique to grain exporting terminals in Canada.
It includes over 180,000 tonnes of storage and the grains, oilseeds and pulses it will be handling will be chiefly supplied via a throughput agreement with G3 Canada Limited.
“This will allow trains to travel to Vancouver, unload while in continuous motion, and travel back to G3 Canada’s primary elevators – including four recently constructed primary elevators – without detaching from their locomotives, critical to increasing supply chain efficiency,” G3 said.
G3 Terminal Vancouver is an affiliate of G3 Global Holdings, 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's assets include primary grain elevators and port terminals stretching from Leader, Saskatchewan to Québec City, Québec; a Great Lake grain transport vessel; and 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.