G3 — the grain company that acquired the former Canadian Wheat Board — has unveiled plans to build the first fully new grain terminal at the Port of Vancouver since the 1960s.
Located in North Vancouver, the 180,000-tonne facility will feature a rail loop track that will be capable of holding three 134-car trains (see drawing above). The company says it will enable the unloading of cars while in continuous motion, allowing them to depart Vancouver without detaching from their locomotives, and stopping only to change crews.
“It’s going to be like nothing that exists in Canada today, at least in Canadian grain handling,” says Brett Malkoske, G3’s vice-president of business development and communications, in the interview below. “We can unload a train in continuous motion in just under six hours. It is blazing fast and will set a new standard for the industry in terms of speed and efficiency.”
The facility will be owned by G3 Terminal Vancouver, a limited partnership between G3 Global Holdings and minority stakeholder Western Stevedoring Company Limited. G3 Global Holdings is partnership between the Saudi Agriculture and Livestock Investment Company and Bunge, and is the parent company of G3 Canada Limited.
“Our Vancouver terminal is central to G3’s vision of a coast-to-coast grain handling network that sets a new standard in efficiency,” noted Karl Gerrand, CEO of G3 in a statement. “We plan to transform the movement of grain through the west coast, providing Canadian farmers with competitive pricing and reliable delivery opportunities.”
The development of G3’s Vancouver terminal will be led by Bill Mooney, former manager of Bunge’s Canadian grain business and vice-president and director of port terminal operations for Viterra/Saskatchewan Wheat Pool. Peter Kiewit Infrastructure Co. has been selected as the design-build contractor for the project.
G3 plans to begin construction in March, with the terminal slated for completion in 2020.
The company hasn’t disclosed the expected cost of the new port facility.