December 23, 2016
G3 Terminal Vancouver, an affiliate of G3 Global Holdings (G3), announced that it will build a state-of-the-art grain export terminal in North Vancouver, B.C. It will be the first new grain terminal constructed at the Port of Vancouver since the 1960s.
"Our Vancouver terminal is central to G3's vision of a coast-to-coast grain handling network that sets a new standard in efficiency," G3 chief executive officer Karl Gerrand said. "We plan to transform the movement of grain through the west coast, providing Canadian farmers with competitive pricing and reliable delivery opportunities."
G3's Vancouver terminal will feature a rail loop track that will be capable of holding three 134-car trains, which the announcement said is unique to grain exporting terminals in Canada.
The terminal includes more than 180,000 metric tons of storage and will be able to handle cereal grains, oilseeds, pulses and special crops, much of which will be supplied via a throughput agreement with G3 Canada Ltd. This will allow trains to travel to Vancouver, unload while in continuous motion and travel back to G3 Canada's primary elevators without detaching from their locomotives, which is critical to increasing supply chain efficiency.
In addition to improving rail efficiency, G3's Vancouver facility was designed with a focus on high-velocity receiving, shipping and environmental and safety standards.
Development of the Vancouver terminal will be led by Bill Mooney, together with G3's team of project engineers. Peter Kiewit Infrastructure Co. has been selected as the design-build contractor for the project. Construction will commence in March 2017, subject to final notifications, with the terminal slated for completion in 2020.
G3 Global Holdings is a limited partnership between SALIC Canada Ltd. and Bunge Canada. Its holdings include G3 Global Grain Group, the parent company of G3 Canada Ltd., and G3 Terminal Vancouver.
G3 Terminal Vancouver is a limited partnership between G3 Global Holdings and Western Stevedoring Co. Ltd.
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