Canpotex signs lease agreement with Prince Rupert Port Authority

Canpotex announced this week it had signed a lease agreement with the Prince Rupert Port Authority for the site.

Canpotex is continuing to move forward with its plans for a potash export terminal on Ridley Island, announcing this week it had signed a lease agreement with the Prince Rupert Port Authority for the site.

“The execution of the lease agreement is an interim step in the development of Canpotex’s proposed greenfield potash terminal on Ridley Island,” reads a company statement, noting Canpotex has already invested approximately $50 million into the project, a figure which includes a $15 contribution to the Ridley Island Road, Rail and Utility Corridor.

“Canpotex will make a final investment decision to proceed based on a variety of commercial factors, including construction costs and offshore potash market projections. No date has been set for making this decision. If a decision is made to proceed, the Potash Export Terminal investment would be approximately CDN $775 million, and would provide Canpotex with three separate gateways and rail corridors to the west coast.”

Confirming the agreement was signed recently, Prince Rupert Port Authority manager of corporate communications Michael Gurney said this is a significant step in the development.

“This means all of the commercial agreements between the Prince Rupert Port Authority and Canpotex have been complete … and signifies the environmental assessment is complete, the certificates have been received and the decision to proceed now rests with Canpotex and its shareholders,” he said.

“We are very pleased to see the project proceed to this point.”

Plans for the terminal call for a 180,000 tonne potash storage building with associated conveyor and dust collection systems and a marine wharf with access trestle and causeway capable of receiving vessels of up to 180,000 dead weight tonnes.

Just Posted

City of Prince Rupert seeking parents’ opinions to address child care issues

Child care study launching this week as part of action plan

CN construction in Port Edward off track

CN’s siding project is behind schedule with no update on new timeline

Exhibit travelling from Quebec to Prince Rupert

The Museum of Northern British Columbia received $9,400 in funding

Coast Mountain College announces interim president

Ken Burt, current president and CEO, will say goodbye to CMNT come September

Pembina buying Kinder Morgan Canada and U.S. portion of Cochin pipeline

The deal also includes an Edmonton storage and terminal business and Vancouver Wharves

The Northern View announces inaugural Tyee Fishing Derby in Prince Rupert

More than $7,000 up for grabs for biggest legal salmon and halibut

The Northern View 2019 Readers Choice

It’s that time of year again! Vote online or at the Prince Rupert office before noon on Aug. 30

New study suggests autism overdiagnosed: Canadian expert

Laurent Mottron: ‘Autistic people we test now are less and less different than typical people’

B.C. father tells judge he did not kill his young daughters

Andrew Berry pleaded not guilty to the December 2017 deaths

Trans Mountain gives contractors 30 days to get workers, supplies ready for pipeline

Crown corporation believes the expansion project could be in service by mid-2022

Rosemount cooked diced chicken linked to listeria case in B.C.

The symptoms of listeria include vomiting, nausea, fever, muscle aches

B.C. seniors allowed more choice to stay in assisted living

Province doesn’t need to wait for a complaint to investigate care, Adrian Dix says

Retired B.C. fisherman wins record $60M Lotto Max jackpot

Joseph Katalinic won the biggest Lotto Max prize ever awarded

Most Read