mm TERRACE STANDARD om

_ The Terrace Standard, Wednesday, August 4, 2004 - A7 oe WHAT'S NEW aSeto 2004

ontainer port mle

Maher Terminals _ :

By. JEFF NAGEL -:

A NEW JERSEY. firm. hag been’ chosen -ta. -build: and: operate an. * “even: larger container términal in.’ Prince’ Rupert than, had been oti 7

‘ginally envisioned,

“£0 ‘an. id al operat | here.!"

an fo handle. the” largest , container’. - “ships: = ones. only: now being. des. signed .— rather’ than. mid-sized 4 : vessels, . Krusel. added. °

: the. existing” site, “expand .:

railway. tracking there and. install: three. inassive container cranes.

. “They' be the ‘tallest struc- - tures. in Prince’ Rupert, ”. Krusel said. MAC. leasl twice the height. of “the Highliner Inn ‘in downtown Princé: Rupert:”.: no -» Design has” been . ‘underway : ; * since. January and ‘construction is - 5 “planned ‘to. begin: early-next’ year: *. ahead. of, an expected opening. by a I “late 2006: “ i My & ” “Still ‘separating: the. container. : = terminal from ‘reality cis the in. money... ve But ‘the. new. ‘agreeement will - a p:-Maher'will invest between | i, $50 and $70. million, ‘Kruse said, - ~ = with: the’ port raising a similar 2 amount. wa

~The port. will. own the termial;

YS but ‘Maher. will own the. cranes.

L bat equipment ‘and, run it. for: 30 id. ‘oy ‘think we’ Ve.

years:

The terminal. ‘will: now be built

‘reach: 200: feet’-off the dock and: lift’ containers * stacked 22 ‘rows.

FOR ALL LIFE'S ROADS

CONTAINER ships are unloa- «

ded with tall cranes. Prince Rupert's will be twice as tall as

“the city's tallest building. ~

nen “Another $17 million j As coming : from. the -province, with. the bal- =~ wi a: ance-of financing still 16 be found.”

‘Wide on ‘the. hirge ships. : J “These. things ~ ‘are monster a ships,” -Krusel said. Ls ” . And-a second up to $300 mil-.- lion. phase, would triple the termi- nal’ s. capacity’.to: 1.2. million. ‘ba. "..«-si¢-sized containers. per year.-by.

2009... “That would be’ close the * ize..of “Mancouyer’s «container. . pon whieh now, handles up to 1.6"

- coast,”

_ million units per year.

Krusel admits the project i

“ambitious but. says. Maher. ‘has _ grasped - the potential: and As SMery.: . enthusiastic, - Prince Rupert’ S$ plan’ runs coun- - | “ter: to the industry: ‘theory, that such - terminals have to: bé-in’ major me- ‘tropolitan areas, he, said. -.. *What-we™ are- ‘selling. is. ‘not. containerization - for. ‘the north | “Weire ‘selling . very speedy container. transporta- , tion: between” Asia- ‘and - North ‘America through. ‘the: shortest. transportation: corridor.” Prince: Rupert'-is. one “day” sail-

“he- said,

ing ¢loser for “Asian. ‘ships bound

. for North: America..- .

-Fhat factor has: grown in imapor- , “tance: with the realization Asia ‘is a huge part of North America’s fu

ture trade: picture, and-as conges- | - “tion grows at Vancouver’ S port. , “Being. in-/a’ rural area “may. very well be. dur: preatest. advant-. age,” Krusel- added.” "We're: cer-: tainly: making ‘a ‘lot of: people sit, up and take notice.” + 7 -Tertace has identified a-Rupert | container. terminal ‘as.a key priors f ity. to-aid the forest sector here [-- ~~ ‘because’ it. would:

“boost “the ° potential: for. value: added: industry.

-imgauos 000 noroManic ent

towing, whelted or not tha same represents actual interest, and ls required to be

down

tives which may result in a higher eflecttys interes! rato, AUsing the $1

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