Published originally on GloblaPSA.com
PSA International Pte Ltd (PSA) has through its wholly-owned subsidiary PSA Canada Holdings Ltd, signed an Investment Agreement with 611216 B.C Ltd (dba Ashcroft Terminal or AT) to acquire 60% of Ashcroft Terminal business in Western Canada.
Published originally in CFJC Today on May 16, 2018 Written by Jill Sperling
ASHCROFT, B.C. — A $28 million upgrade is in store for the Ashcroft Terminal, and the federal government will cover nearly one third of the cost.
Federal Minister of Transport Marc Garneau made the announcement in Ashcroft Wednesday, where he emphasized the importance of rail transportation to the economy.
Minister Marc Garneau announces $9.2 million NTCF contribution for a critical trade enabling expansion at Ashcroft Terminal for a total project of over $28 million
Published originally in a Government of Canada News Release on May 16, 2018 Written by Transport Canada
The quality of Canada’s transportation infrastructure and the efficiency of the country’s trade corridors are key to the success of Canadian firms in the global marketplace. The Government of Canada supports infrastructure projects that create quality middle-class jobs and boost economic growth.
Today, the Honourable Marc Garneau, Minister of Transport, announced a major investment of $9.2 million for a project at Ashcroft Terminal that will help local businesses compete by moving local goods to market and by making improvements to terminal infrastructure.
Published originally in Business Vancouver, November 2017 Written by Timothy Renshaw
Coming soon to a B.C. port near you: more container cargo in bigger ships.
That’s the upbeat script the province’s ports and container terminals are following for their infrastructure expansion plans.
But have they got their investment priorities right?
The biggest roll of the dice on that front is also the biggest source of controversy for the Vancouver Fraser Port Authority (VFPA): the proposed three-berth Terminal 2 expansion at Delta’s Roberts Bank.
Published originally in Canadian Sailings, September 2017 Written by by R. Bruce Striegler
Kleo Landucci, Managing Director of Ashcroft Terminal explains that history plays a part in the formation of the 320 acre, privately-owned inland terminal in the Thompson Okanagan region of British Columbia. “The town is located along the Thompson River and when the Canadian Pacific Railway arrived in the late 1800’s, Ashcroft became a transportation centre for goods and people travelling north to the goldfields. Canadian Pacific built on what it felt was the easier side of the river, and then CN came along a few years later, which built on the other side of the Thompson River, but encountered difficult terrain just south of what’s now Ashcroft Terminal, forcing it to build a bridge from the north to the south side, putting both railways on the same side.”