Pacific Coast Terminals invests $200 million in Port Moody

Growing new industries in Western Canada have led Pacific Coast Terminals (PCT) to invest in a $200 million port expansion in Port Moody, British Columbia.

The expansion is the largest project in the city since the port was built in 1960 and brings with it major economic consequences. The project phase will support 300 full-time construction jobs and 60 permanent staff positions, in addition to more than doubling the port's property tax contribution.

Until recently, the port's primary business was shipping sulphur and ethyl glycol, but as Cargill's new canola processing plant and K+S Potash's $4.1 Legacy potash mine ramp up production, several new products in the region are seeking international markets. The canola section of the port  is expected to move 700,000 to 800,000 tons of canola annually. The potash portion of the port is still under construction, with a tentative opening date late next year. Once operational, ships are expected to carry the fertilizer to China, India, Southeast Asia and South America.

Though the project is still in its beginning phases, PCT officials are hopeful that the boom in business and the partnerships they've created will be sustained well into the future.

“Our contract with them is 50-plus years —and they wanted a longer contract than that,” PCT Vice President and General Manager Wade Leslie said. “They think in 100-year increments, a time horizon which is so much different than you often find in North America. They are going to be here for the long haul, for the next few generations.”

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Pacific Coast Terminals

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