Canpotex, CN sign 10-year agreement that includes consideration for Prince Rupert
Should Canpotex move ahead with their potash export facility on Ridley Island in Prince Rupert, they now have a deal in place to get the product to the terminal.
On January 23 CN announced that it had reached a 10-year deal with Canpotex to transport potash volumes that the Saskatchewan potash company wants to export. The deal calls for CN to ship potash to Neptune Terminals in Vancouver, but also states that "CN and Canpotex will also continue work on the feasibility of a potential new potash export gateway terminal in Prince Rupert".
Right now Canpotex is in the midst of the Environmental Assessment process, with two public comment periods having opened, in an application that includes a road and rail corridor on Ridley Island to better serve the proposed Canpotex terminal and any future terminals that may come.
The trains used to transport the potash to either Vancouver or Prince Rupert would be 170-car trains.
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