WINNIPEG, Dec. 21, 2016 /PRNewswire/ - G3 Terminal Vancouver, an affiliate of G3 Global Holdings (G3), is pleased to announce that it will build a state-of-the-art grain export terminal in North Vancouver, British Columbia, the first new grain terminal constructed at the Port of Vancouver since the 1960s.
"Our Vancouver terminal is central to G3's vision of a coast-to-coast grain handling network that sets a new standard in efficiency," said Karl Gerrand, CEO G3. "We plan to transform the movement of grain through the west coast, providing Canadian farmers with competitive pricing and reliable delivery opportunities."
G3's Vancouver terminal will feature a rail loop track that will be capable of holding three 134-car trains, unique to grain exporting terminals in Canada. The terminal includes over 180,000 metric tonnes of storage and will be able to handle cereal grains, oilseeds, pulses and special crops, much of which will be supplied via a throughput agreement with G3 Canada Limited. This will allow trains to travel to Vancouver, unload while in continuous motion, and travel back to G3 Canada's primary elevators, including four recently constructed primary elevators, without detaching from their locomotives, critical to increasing supply chain efficiency.
In addition to improved rail efficiency, G3's Vancouver facility was designed with a focus on high velocity receiving, shipping, and best-in-class environmental and safety standards, representing the next generation in grain terminal design.
The development of G3's Vancouver terminal will be led by Bill Mooney, who has extensive Vancouver grain terminal management experience, together with G3's team of experienced project engineers. Peter Kiewit Infrastructure Co. has been selected as the design-build contractor for the project. Construction will commence in March 2017, subject to final notifications, with the terminal slated for completion in 2020.
About G3 Global Holdings Limited Partnership
G3 Global Holdings is a limited partnership between SALIC Canada Limited and Bunge Canada. Its holdings include G3 Global Grain Group, the parent company of G3 Canada Limited; and G3 Terminal Vancouver.
About G3 Canada Limited
G3 Canada Limited is establishing a highly efficient coast-to-coast Canadian grain enterprise designed to provide a unique competitive alternative to farmers, and superior service to customers and stakeholders. G3 Canada Limited's assets include primary grain elevators and port terminals stretching from Leader, Saskatchewan to Québec City, Québec, a Great Lake grain transport vessel, and the largest private fleet of grain hopper cars in Canada. The vertical integration of these assets along the agricultural commodity chain forms the basis of a smarter path from farmers' fields to global markets. G3 Canada Limited is a Canadian company and is headquartered in Winnipeg, Manitoba.
About G3 Terminal Vancouver Limited Partnership
G3 Terminal Vancouver is a limited partnership between G3 Global Holdings and Western Stevedoring Company Limited.
SOURCE G3 Terminal Vancouver