South Kaien Island Import Logistics Project

Status
Project Development
Est Completion:
Q2 2024
Details
Kaien Islands

Project Description

South Kaien Island Import Logistics Project

Introducing an Import Logistics Project to the Prince Rupert Gateway will support the further growth of Fairview Container Terminal and advances our objectives of becoming a full-service gateway.

Shippers have been indicating a desire to supplement their IPI volumes with the flexibility to conduct import transloading and warehousing at scale and improve the attraction and retention of additional volumes through Prince Rupert.

Metlakatla Development Corporation (MDC) and the Prince Rupert Port Authority (PRPA) are developing a logistics park on fee simple lands in close proximity to DP World’s Fairview Container Terminal. Two parcels totalling 56 acres are available for long-term ground lease. The lands are intended to accommodate uses that complement the rapid growth of the container business in Prince Rupert and capitalize on strong market interest for both import and export logistics services such as transloading and warehousing. The logistics park is a critical component of PRPA’s broader plan to develop an integrated intermodal ecosystem to support 4M+ TEUs of capacity by 2030. The fee simple lands are owned by South Kaien Land Holdings Ltd., a subsidiary of Metlakatla Development Corporation, and co- developed with the Prince Rupert Port Authority. The lands are cleared and some preliminary earthworks have begun. Parcel 2 is currently under offer. Parcel 4 is still available.

Project Statistics

Capital Costs

$90m

Project Critical Path

Milestone

Date

Commencing Groundwork

01/01/2021

Project Critical Updates

Projects

Project

Est. completion

Status

Q2 2022

Under Construction

2024

Project Development

Vopak Pacific Canada

Ridley Island

Q4 2025

In progress

Q1 2023

Under Construction

Fairview Container Terminal Expansion

DP World Prince Rupert Inc.

Q3 2024

In Progress