Ashcroft Terminal and Vancouver Fraser Port Authority have signed a letter of intent for a long-term arrangement about the transportation of Canadian imports and exports.
In particular, the organisations will work together to invest, build and operate rail infrastructure at Ashcroft Terminal to reduce congestion within the Port of Vancouver, support capacity growth and enhance resiliency within the critical Asia-Pacific Gateway trade corridor.
Ashcroft Terminal is an inland terminal located approximately 300 kilometres east of Vancouver and will provide infrastructure to supply railcar storage and staging for improved resiliency and cargo fluidity along the Asia-Pacific Gateway Corridor.
This new railcar storage agreement will create several benefits for Canadians, such as delivering goods to market faster and with fewer delays, futureproofing Western Canada’s supply chain and economy against disruptions, such as floods, wildfires, and labour shortages.
It can also reduce the carbon footprint of Canadian supply chains.
“The signed letter of intent is an exciting first step in strengthening Western Canada’s supply chain,” said Chris Shubert, CEO and chief commercial officer at Ashcroft Terminal.
He added, “The Asia-Pacific Gateway Corridor connects Canada to the rest of the world, moving critical cargo such as retail goods, bulk products, food, and natural resources. Ashcroft Terminal is the inland terminal equipped and strategically positioned to manage this new rail program and facilitate the fluid movement of Canada’s major economic drivers.”