The Prince Rupert Port Authority (PRPA) said a recently completed master plan shows it could potentially increase capacity to handle 6 million to 7 million TEUs of containerized cargo.
Last year the port handled just over 1 million TEUs.
The plan, completed with the assistance of the engineering firm AECOM, identified the potential to expand capacity through the development of multiple terminals.
“Conducting this work ensures we have a clear understanding of the future potential for terminal development and contributes to a vision for the future of our container business to respond to the growing market demand for capacity at the Port of Prince Rupert,” said Shaun Stevenson, president and chief executive of the port authority. “The terminal development potential identified in the study ensures that we can accommodate the short-, medium- and long-term supply chain needs of Canadian exporters while continuing to provide the unparalleled reach, reliability and speed shippers have come to expect at the Port of Prince Rupert.”
The port authority said the master plan shows the potential for further expansion of Fairview Terminal and the development of a second container terminal at South Kaien Island.
DP World, which operates Fairview Terminal, supports the port authority’s “development vision,” said Maksim Mihic, general manager of DP World (Canada) Inc., who pointed out it could improve the balance between imports and exports through the port. In 2018, Prince Rupert imported 568,995 loaded TEUs and exported 207,111 loaded export TEUs.
The port said it expects to become Canada’s second-largest port in the next five years.