Improving first mile, last mile rail infrastructure to strengthen Western Canada supply chains
Expanding railcar storage to increase transportation and trade options for Canadian goods.
Fast facts
The CIB’s $100 million loan supports Cando Rail & Terminals’ expansion of its Sturgeon Terminal. This infrastructure development will increase capacity for first and last mile rail services such as storage, staging, haulage and transloading services for industrial production centres in and around Alberta’s Industrial Heartland.
Construction of new rail infrastructure also expands the transportation of Canadian-made goods for export east and west and onwards to global markets.
The new Sturgeon Terminal West will double the current facility’s capacity, adding up to 3,700 new railcar storage and staging spaces, including up to 1,100 spaces to arrive and depart unit trains with Class 1 railways.
Benefits of the CIB’s involvement
The project falls within the CIB’s Trade and Transportation sector, which supports stronger, more efficient trade corridors to domestic and international markets and helps Canadian businesses compete and grow.
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