It’s a major step forward in growing the future of the Manitoba economy.
CentrePort Canada announced on Thursday that BroadGrain Commodities Inc., a Toronto-based global marketer, will be the anchor tenant for a new rail yard to be built on the west side of Winnipeg.
The family-run agribusiness will spend $25 million on a facility that will handle loading onto 150-car trains and the processing of beans.
CentrePort Canada is Manitoba’s 20,000-acre inland port and foreign trade zone. The terminal will take up about 29 acres of a new 700-acre rail facility located just south of the Canadian Pacific mainline west of CentrePort Canada Way. CentrePort will spend $2.4 million dollars on switches and tracks to link the BroadGrain operation to the CP tracks.
“It basically paves the way for CentrePort to invest in the initial infrastructure connecting to the CP mainline which will then support additional future rail companies to be able to locate within the project itself,” Said President and CEO of CentrePort, Diane Gray.
BroadGrain has offices in Europe, Asia, Africa and the Middle East. It will anchor their western Canadian expansion. Manitoba commodities including wheat, canola and soybeans will be stored, processed and shipped from the terminal on unit trains of up to 150 cars.
It’s hoped that CentrePort will bring truck and rail transportation together to ship goods east, west and south.