GrainsConnect Canada held a sod-turning for its first high-throughput grain terminal in Western Canada on Tuesday.
The elevator will be built on CN Rail’s Prairie North line at Maymont, Saskatchewan, 90 kilometres northwest of Saskatoon.
“This is a significant milestone for GrainsConnect Canada as it represents the first stage of our substantial investment in Canadian grain infrastructure,” said GrainsConnect Canada President Warren Stow in a news post from CN.
GrainsConnect is a new joint venture between Australia’s GrainCorp and Japanese co-operative Zen-Noh. The partners are investing C$120 million (C$30 million each, plus $60 million debt financing) in setting up four grain terminals in Alberta and Saskatchewan into 2018. According to a GrainCorp shareholder presentation in June, throughput from the four facilities will total 1 million tonnes.
“We are pleased GrainsConnect Canada has chosen to locate its first Canadian grain terminal in Maymont on our rail network,” noted JJ Ruest, CN Executive Vice-President and Chief Marketing Officer.
The Maymont facility will have 35,000 tonnes of storage with a 130 hopper car loop. Constructed started this spring and is expected to be complete in late 2017.
The company also received approval from Red Deer County in February to build a 37,000 tonne elevator north of Innisfail, Alberta.
Related:
- Australian GrainCorp Announces Expansion In Western Canada
- Paterson, GrainsConnect Building New Elevators in Red Deer County
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