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2018 July 31   12:17

PSA partners with Ashcroft Terminal to provide inland terminal services in Canada

PSA International Pte Ltd (PSA) has through its wholly -owned subsidiary  PSA  Canada  Holdings Ltd, signed an Investment  Agreement with  611216 B.C Ltd (dba Ashcroft Terminal or  AT) to acquire 60% of Ashcroft Terminal  business in Western Canada. AT is an inland port facility located  approximately 300  kilometres east of the Port of Vancouver  (POV).

Comprising 320 acres of free -hold industrial land, it is the only major privately -owned  industrial property in Canada  where both Class 1 railroad lines  – including Canadian National  (CN)  Railway and Canadian Pacific Railway  – run through,  transporting  import and export  cargoes to and from the  POV, across Canada and as far as Chicago and  other North American  markets. 

Besides its unique rail connectivity, AT is also located close to  the  major highways of British Columbia  that  serve much of  the province’s resource industries. 

AT  currently services all sectors of the natural resource industries which include agriculture,  mining,  forestry and oil and gas; by providing transloading, fleet management, railcar storage  and logistics solutions. A recently announced  CAD $28 million upgrade  will  further strengthen its inland port and container handling capabilities, as  the terminal is slated to receive  a new rail link to the CN main line , additional  rail track  of existing infra structure , an internal road system  and a multi -commodity storage facility.  Transport Canada, through the National Trade  Corridors Fund will provide a grant  of  up to CAD$9.2 million  representing one third of the  cost  of the  project. 

About PSA International

As one of the leading global port groups, PSA participates in around 40 terminals in 16  countries across Asia, Europe and the Americas with flagship operations in PSA Singapore  Terminals and PSA Antwerp.

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