Hutchison Ports, CN Rail to build £613m container terminal in Canada

WCN Editorial Team 29 May 2019 EUROPE TRANSPORT INFRASTRUCTURE

The Québec Port Authority (QPA) has signed a long-term commercial agreement with Hutchison Ports and transportation and supply chain company Canadian National Railway (CN) to build and operate the new $775m (£613m) container terminal in Canada.

The project, known as Laurentia, is planned to be financed primarily through the joint investment of the three partners.

Hutchison Ports group managing director Eric Ip said: “We are pleased to partner with the Québec Port Authority and CN to develop the Québec container terminal. Québec City will become Hutchison Ports’ gateway to the East coast of North America.

“With its fully intermodal deep-water port, its strategic location to reach the Midwest market, and the strong support shown by the local authorities, the Québec project has all the attributes to be successful in this highly important market.”

The deep-water container terminal project, which is expected to create nearly 800 jobs, is currently under an environmental assessment process with the Canadian Environmental Assessment Agency.

The agreement brings the Hutchison Ports’ global network to 52 ports spanning 27 countries.

Québec Port Authority president and CEO Mario Girard said: “Today, through a joint venture with Hutchison Ports and CN, we are setting the stage for this project to become a North American success in terms of business and social acceptability not to mention a vector of economic development for Québec, allowing the St. Lawrence to gain additional growth and competitiveness with U.S. ports.”

As part of the agreement, Hutchison Ports will be responsible for the construction and operation of one of the most environmentally and technologically advanced cargo-handling facilities in North America.

Additionally, the Laurentia terminal in the St Lawrence will be able to accommodate the new generations of very large ships, and also benefit from a direct railway and highway connection.

The QPA is also under discussions with the federal and provincial governments to complete the financing for the project.

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Image: The Laurentia container terminal project is expected to create nearly 800 jobs. Photo: courtesy of Québec Port Authority.

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