(Under Construction)
First Indigenous-led logistics facility in British Columbia
Will create new, long-term economic opportunities for Metlakatla First Nation
Fast facts
We are investing in a second project at the Port of Prince Rupert.
The South Kaien Logistics Facility’s first phase will see greenfield lands converted into two serviced parcels totalling approximately 56 acres on which platforms will be constructed and ready for the tenants’ built-to-suit facilities. Site preparation work consists of heavy civil construction, organics removal, embankment construction, foundations and concrete work.
This project is part of Metlakatla First Nation’s (MFN) long-term economic vision and that of Metlakatla Development Corporation (MDC).
MDC will benefit from long-term and stable stream of own-source revenues once the facility is complete. It also provides the ancillary Indigenous benefits of creating and sustaining direct and indirect jobs for MFN members and other Indigenous people in the Prince Rupert region – many of which are already employed within this trade corridor.
Benefits of CIB's involvement
The project falls within the CIB’s Trade and Transportation sector, which supports stronger, more efficient corridors to domestic and international markets and helps Canadian businesses compete and grow.
CIB’s ICII financing reduces the equity requirement for MDC, allowing it to retain a 75% interest in a large port project while still benefitting from its strategic partnership with Prince Ruport Port Authority.
Learn more
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