The proposed Ridley Island Export Logistics Facility is one step closer to development following a Federal announcement in late February |
The Prince Rupert Port Authority has taken one more step forward towards plans for development of the Ridley Island Export Logistics Facility.
That comes with word today that Federal Authorities have determined, in accordance with the requirements of Section 82 of the Impact Assessment Act (IAA), that the Ridley Island Export Logistics Project is not likely to cause significant adverse environmental effects.
The announcement notes that the Federal determination concludes the Federal environmental review process, which is a prerequisite for the Federal Authorities to consider the required authorizations for the project to proceed.
Once they have all the required permits in place early work is planned to begin in early March, with tree clearing and site preparation activities.
PRPA continues to work toward making a Final Investment Decision on the project with its commercial partners, expected later this year.
You can review the Federal Determination advisory here.
As part of their announcement today, the Prince Rupert Port Authority outlined the scope of the project and how it will improve on efficiencies through partner terminals.
Planned for the southern end of Ridley Island, the export logistics complex will be an integrated ecosystem of large-scale bulk and breakbulk transload facilities, intermodal rail yard, and a container storage yard.Where the proposed Export Logistics Terminal would be constructed if final approval comes (images from PRPA) |
Any word on the number of jobs this project would create once operational? Or any suggestion of how much they may / may not pay in property taxes?
ReplyDeleteTax policy is tax policy. It is time for the city and especially residents to move on and focus on things they can control. Instead of waiting and hoping for a policy change, because that isn't a strategy.
ReplyDeleteThe PPTA cap isn't the worst tax policy out there. Look at the concessions made by the BC government for LNG that provincial tax payers are paying for.
Discounted electricity prices - $32 million to $59 million per year
Exemptions from increases in the BC carbon tax - $62 million per year.
A corporate income tax break - A natural gas credit against corporate income tax has been created with the intent of lowering tax from the regular rate of 12 per cent to 9 per cent.
Deferral of provincial sales tax on construction - $17–21 million
On top of all of that, the Federal government let $1 Billion in revenue go out the door when they didn't apply duties and taxes to the
imported modules for the LNG plant from.
https://policyalternatives.ca/sites/default/files/uploads/publications/BC%20Office/2019/05/CCPA_BC%20Critiquing%20the%20LNG%20Canada%20agreement_FINAL_190506.pdf
What a terribly defeatist attitude sir.
DeletePeople can control who their elected representatives are. And They voted unanimously for candidates who want to change the tax cap.
You sound an awful lot like the port executive who claimed that the tax cap is “not a challenge”.
Actually you’re almost worse with such a weak argument that “hey, the Port tax cap is not the actual worst , here’s an even more generous piece of corporate welfare to make you feel slightly less bad about the topic in question”
Two acts of assumicide right there.
DeleteI am not a sir and do not work for the port authority.
Keep hoping and waiting. One day our city will be free right?