G3 Canada has announced construction of a multi-million dollar grain terminal at Vancouver.
The elevator will cost over 500 million dollars and would be the first new grain terminal constructed at the port of Vancouver since the 1960’s.
G3 CEO Karl Gerrand wants to transform the movement of grain through the West Coast, offering farmers with competitive pricing and reliable grain delivery opportunities.
The proposed terminal will have a rail loop capable of holding three 134-car trains, unique to grain terminals in Canada.
The terminal includes over 180 thousand metric tons of storage.
Trains will be able to unload while in continuous motion and travel back to G3 country elevators without detaching from their locomotives, increasing supply chain efficiency.
Officials hope to reduce train turnaround time by 40 per-cent.
Construction will begin in March with the completion scheduled for 2020.
G3 Canada has four recently constructed prairie terminals as well as two other facilities.