CWB to Construct High-Throughput Grain Terminal in Bloom, MB
Date Posted: March 25, 2014
WinnipegCWB today announced the construction of its first state-of-the-art grain elevator west of Portage La Prairie in Bloom, Manitoba.
The elevator is expected to be ready to receive grain for the 2015 harvest.
Once completed, the facility will feature industry-leading railcar loading times and 33,900 metric tonnes (mT) of storage.
"Customer service was top-of-mind when choosing to invest in Bloom as the site for our first elevator", said CWB president and CEO Ian White.
"As one of the highest efficiency elevators in Western Canada, farmers will be able to pull in and out of our elevator yard in record time.
"The site is easily accessible from a number of highways, including the Trans-Canada and the Yellowhead, and it is located in an area with a clear need for more grain-handling capacity."
Elevator construction has begun off of the Trans-Canada Highway, four miles west of the Yellowhead.
The elevator will feature a 17,400 mT workhouse with cleaning facilities, and 16,500 mT of steel storage capacity.
A 130-car loop track will facilitate fast and efficient car loading at up to 60,000 bushels/hour.
The elevator will be serviced by the CN mainline.
The building of this elevator marks CWB's first construction of a grain-handling facility, and adds to the company's growing asset network that includes Mission Terminal in Thunder Bay, Les Élévateurs des Trois-Rivières in Quebec, as well as a minority interest in Prairie West Terminal.
"Every tonne of grain delivered to Bloom will be tracked for the purposes of CWB's farmer ownership plan.
"We want farmers to have a stake in their value chain after privatization," said White.
"As we continue to grow, the benefits to farmers will grow with us."
CWB's farmer ownership plan provides that farmers who deliver grain to CWB will receive an equity interest in the company after privatization and is the only opportunity for farmers to gain an ownership stake in a Canadian-focused grain company.
Learn more about CWB's plans for the future at www.cwb.ca/future.