DP World and the Prince Rupert Port Authority sign feasibility study agreement
DP World and the Prince Rupert Port Authority have announced an agreement to study further expansion of the Fairview Container Terminal in Prince Rupert .
The agreement was signed by DP World Canada Group General Manager, Maksim Mihic , and Prince Rupert Port Authority President & CEO, Don Krusel, further strengthen ing the commitment of their respective organizations to the development and growth of the Port of Prince Rupert.
DP World is the operator of the Fairview Container Terminal and construction is currently underway for the Phase II North expansion. Government of Canada approval has been received for the Phase 2 South expansion of the terminal further to the environmental assessment (Comprehensive Study Report) completed on terminal expansion in 2012 in accord ance to the requirements of the Canadian Environmental Assessment Agency.
Under the Feasibility Study agreement, DP World intends to study current marine liner services and container volume growth forecasts for trans - Pacific trade on the West Coast , weighing demand for activation of Fairview’s Phase II ( South ) expansion to align the project schedule with market demand. This study is critical to the future growth of port operations within British Columbia and will serve as the basis for moving forward with th is project in a timely manner. Additionally, the agreement included the intention to establish a cohesive and systematic approach to information sharing as well as environmentally sustainable port initiatives.