Friday, April 23, 2010

Indications remain positive for Rupert economy as Prince Rupert Port Authority announces record first quarter and new industrial investment begins

Good news. Prince Rupert Port Authority has announced record traffic numbers for the first quarter of 2010. The port handled 87% more traffic in the first three months of 2010 compared to last year. Overall, container traffic in 2009 increased 46% against an industry average drop of 15%. Government also rejoiced at this North Coast success story as the total tax collected from these efforts was $35 million last year alone. Plans for further expansion are already well advanced as the Port looks towards a long term target of diversifying the present operations into bulk handling, general cargo and a state of the art logistics centre by 2020. In terms of jobs, the port has so far created 2,720 full time jobs (1,300 in direct operations) and has a long term target of a staggering 9,100 by 2020.
There can now be no doubt that this project is here to stay and will provide long term prosperity for Prince Rupert and its citizens.
Spin off industries are now beginning to evolve as evidenced by the activities out at the industrial park. The old sawmill site is now home to a new debarker which will greatly increase the range of log sizes that will be available to the export market. With the world economy recovering from the recession this is another positive example of a Rupert company looking towards the future with optimism.
News concerning the Pulp Mill and Canpotex is now eagerly awaited.

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