Plans are moving forward towards a second berth on Ridley Islands at Trigon's Prince Rupert terminal location (image from Trigon) |
Plans for a second berth at the Ridley Island shipment terminal operated by Trigon Pacific will move forward at a quicker pace, that following a funding announcement from the Federal Government today that will deliver 75 million dollars in funding through the National Trade Corridors Fund.
The federal funds to be used to advance the construction of a second terminal at the Ridley island location part of Trigon's B2BC project which is short for Berth 2 Beyond Carbon project.
As Trigon explains it: B2BC is a keystone of Trigon's diversification strategy, and will help enable accelerated energy transformation in Canada and globally, Booker says.
The second berth has been designed specifically to enable a shift over time towards handling green energy exports, such as hydrogen-based fuels. The B2BC project will increase Trigon's throughput capacity from 18.5 million tonnes to an estimated 33.5 million tonnes annually.
It will also reduce wait times for vessels by optimizing the configuration and efficiency of existing berthing infrastructure, and will better leverage the CN northern rail corridor that serves the terminal – contributing to improved supply chain stability.
B2BC is fully permitted with construction getting underway this fall and the first product "over the dock" targeted for 2026.
Within a five-year timeframe, the project is anticipated to drive annual economic growth of $1.2 billion, with expanding socio-economic benefits in the longer term.
Two of the principle partners in Trigon highlighted the positive nature of today's announcement and what it holds for the future of the region.
"The B2BC project not only solidifies Trigon's role as a driver of the global trade through the Port of Prince Rupert, but is also a positive and encouraging step forward towards a more sustainable future for everyone," -- Harold Leighton, Metlakatla Chief Councillor and CEO of the Metlakatla Development Corporation.
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