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CANXPORT Logistics

Sector(s)
Trade & Transportation
Location(s)
Prince Rupert, B.C.
Participation
$150 million (financial close)
Partner(s)
Prince Rupert Port Authority, Ray-Mont Logistics Inc.

Export capacity to increase at one of Canada’s busiest ports in Prince Rupert, B.C.

Investment supports start of project to build an export transloading hub at Prince Rupert Port

Fast facts

Facility will handle 6 million tonnes of cargo
Project will improve and expand flow of exports, helping Canadian businesses to reach international markets
Two local First Nations will receive significant benefits from project

Our $150 million investment supports the first phase of the Prince Rupert Port Authority’s CANXPORT logistics project. The new export transloading hub will help improve the flow of Canadian exports by expanding the capacity and volume of containers passing through one of Canada’s busiest ports. It will also increase match-back rates by increasing the number of loaded container units that are exported from Canada.

The loan will support initial work to prepare the site on Ridley Island for construction of a logistics hub facility by Ray-Mont Logistics Inc. that will increase exports of commodities such as resins, grain, wood and pulp.

Benefits of CIB involvement

The CIB’s first port investment will help to increase the efficiency and reliability of supply chains for bulk commodities that are best suited for containerization.

Local Indigenous partners will be active participants in the development and operation of CANXPORT. The primary contract for Ridley Island site development has been awarded to an Indigenous joint venture arrangement that includes Metlakatla First Nation, Lax Kw’alaams Band, Gitxaała Nation and IDL Projects Inc. Metlakatla and Lax Kw’alaams are also majority owners of Gat Leedm Logistics, which will be a primary service provider of truck drayage services.

Learn more

Port of Prince Rupert
Port of Prince Rupert
Port of Prince Rupert
Port of Prince Rupert
Port of Prince Rupert
Prince Rupert Port Authority

The Canada Infrastructure Bank’s historic investment in the Port of Prince Rupert’s CANXPORT project will enable transloading and logistics services on an unprecedented scale and unlock significant competitive advantages for Canadian exporters. The facility is strategically located within the gateway’s fully contained intermodal ecosystem, and supports the Prince Rupert Port Authority’s commitment to realizing a vision of a competitive, resilient, sustainable port.

Shaun Stevenson, President & Chief Executive Officer
Government of British Columbia

This investment in the Port of Prince Rupert’s expansion will improve Canada’s export capabilities to the Asia- Pacific region, driving trade and economic growth. We’re also looking forward to the incredible economic opportunities that the CANXPORT project will bring for Indigenous communities in Prince Rupert.

Parm Bains, Member of Parliament for Steveston—Richmond East, British Columbia, on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities
Government of Canada

The Port of Prince Rupert is an important part of Canada’s supply chain, serving as a vital gateway for trade. This investment in the CANXPORT project marks a significant step in enhancing marine shipping efficiency and reliability, ensuring smoother transportation of goods, and Canadians from coast to coast to coast will benefit.

The Hon. Pablo Rodriguez, Minister of Transport
Government of British Columbia

The expansion at the Port of Prince Rupert will open new opportunities for B.C. companies to get their products to market. Our government’s $25 million investment will support businesses and job growth right across the Province and keep our economy competitive.

Rob Fleming, Minister of Transportation and Infrastructure
Ray-Mont Logistics

CANXPORT represents a truly unique opportunity for Ray-Mont to offer our valued customers the best containerized export logistics solution in North America. The facility will offer over 50 acres of land with future expansion potential, three loop tracks each capable of handling 10,500’ unit trains, and trucking on private roads allowing us to decarbonize and electrify our operations. Combined with the natural benefits of the Port of Prince Rupert, we will be able to offer unparalleled levels of productivity and supply chain resiliency for exporters.

Charles Raymond, President & Chief Executive Officer
CN

CN is proud to support the expansion of the Port of Prince Rupert through our partnership in the CANXPORT project. This innovative export logistics hub will not only enhance Canada's supply chains and trade capabilities but also allow for growth opportunities for its partners and local communities, including Indigenous-led businesses. The Port of Prince Rupert is a key hub for many industries to access new markets and we are excited to share the benefits of this project with customers across CN’s network.

Tracy Robinson, President & Chief Executive Officer