Canadian grain growers are set to benefit from improved access to international markets and increased competition, thanks to the construction of the Fraser Grain Terminal, which will be located at the Port of Vancouver in British Columbia, Canada.
GrainsConnect Canada and Parrish & Heimbecker (P&H) have signed an agreement to make Fraser Grain Terminal a 50-50 joint venture subject to obtaining necessary approvals from the competition authorities.
The facility will have capacity to export up to 4 million tonnes of wheat, barley, oilseeds, pulses, and other commodities per annum.
Klaus Pamminger, GrainsConnect's Chairman of the Board, said the announcement was a clear vote of confidence in Canadian grain producers.
"Fraser Grain Terminal will connect our state-of-the-art facilities in Alberta and Saskatchewan directly to global customers, providing a highly efficient, integrated end-to-end solution," Pamminger said.
"It is exciting to deliver this project with such a high-quality partner in P&H."
Key features of the Fraser Grain Terminal include:
Construction is slated to commence late 2018/early 2019 and will take 24 months to complete.
President of GrainsConnect Canada, Warren Stow, commented farmers and the family farm are central to the culture and philosophy of GrainsConnect.
"Terminal rail, port and market - we have the infrastructure, solutions, and partnerships to make a difference for family farms.
"State-of-the-art facilities and private railcars will connect them to global market," Stow said.
"We are creating the most efficient supply chain in Western Canada."
For more information, please contact Joyce Dorais at 403-863-3540 or Joyce.Dorais@graincorp.ca