In a very quick turn around time for Government, the feds have allowed RTI to borrow the necessary funding for their proposed expansion plans from the capital markets. This enables the company to proceed with their ambitious expansion programme that was instigated by the upturn in export figures and the new five year contract with an American mine. Turnover is expected to double over the next five years and with the refurbishment of existing equipment and the installation of a brand new docking facility, their will be an immediate benefit in contruction employment followed by an estimated 50 new full time jobs.
This announcement comes only two weeks after the Port of Prince Rupert announced that First Nations agreements have been signed and construction of phase two of the port will begin in 2012.
At the rate these positive announcements are being made I will probably be updating this blog daily. If you have yet to buy property in Prince Rupert or Port Edward I suggest you get a move on. 250-622-8546 gets you access to every residential and commercial listing.
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