Thursday, June 20, 2013

Port reviews achievements of the year past, looks to the future

The Prince Rupert Port Authority held it's Annual Public Meeting on Wednesday evening, a gathering at the Crest Hotel that heralded much in the way of the Port's achievements in the year past.

2012 was a year which saw a record 22.2 million tonnes processed through the Port's facilities, a figure that accounts for an increase of over 15 per cent from the year previous.

The Total revenue numbers were even more impressive, with a 40 per cent increase recorded in 2012 from 2011's numbers. When the accountants finished all of that tabulating for the 2012 numbers, the Port had recorded revenues of 36.7 million dollars.

As part of the APM presentation, Don Krusel, President and CEO of the Prince Rupert Port Authority outlined the background on the Port's success in the year past and looked ahead to the future and the impact that Port operations will continue to have on the communities that host Port operations.

2012 saw more than 200 million dollars invested into infrastructure, marine terminal and expansion projects and looking ahead to 2020 the potential for more than 20 Billion dollars in investment is a very real possibility with the range of developments currently in the proposal stage.

Regular readers of our blog would agree with the President and CEO, that the future for the Port and the North Coast is looking rather bright at the moment.

With any number of projects on the drawing board for future development. From further expansion of container operations at Fairview, proposed LNG development to expanded coal operations, the increased development of Port related industry continues on.

The Road, Rail and Utility project currently underway on Ridley Island is setting the stage for  future development, an infrastructure project that will expand the opportunity for development looking towards that 2020 benchmark.

The latest addition to the Prince Rupert waterfront and industrial base is currently under construction, with the new Pinnacle pellet plant on the waterfront destined to begin operations this fall.

As well, there are still hopes in the community of an announcement from Canpotex on their potash plans, a project that has captured the imagination of the community for a number of years now.

You can get a sample of some of the impact of the Prince Rupert Port Authority on the local industrial base by reviewing our Industrial Development archives, which features past items of note on developments among all of the Port's industrial partners.

You can gain a snapshot of Wednesday's  meeting from this media release from the Prince Rupert Port Authority.

Making a commitment to the community was also a theme of Wednesday's Annual Public Meeting, as the Port presented a cheque to representatives of Prince Rupert's Trades Training Project, with 100,000 dollars now destined towards that program.

The money from Wednesday is the latest  of that commitment to community support that comes from the Port's Community Investment Fund the Port  donation will be added to that from other partners in the project, with Ridley Terminals, Northwest Community College and School District 52 already on board with support.

The Trades Training project will begin in September of this year with a Millwright Foundations Program being offered at Charles Hays Secondary School, as part of the Trades Training project n Industrial Electrical Foundations Program will be launched in February.

You can learn more about the Port's donation and the Trades Training Project here.

Media reviews of the details from the Annual Public meeting can be found below.

June 21-- Opinion 250-- Prince Rupert Port in Ship Shape
June 21-- Northern View-- Prince Rupert Port Authority says best is yet to come
June 20-- CFTK-- Port Budget (video)

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