Prince Rupert Port Authority Opens $750 Million CANXPORT Facility

The Prince Rupert Port Authority officially opened CANXPORT on August 28, 2026, a $750-million rail-to-container transloading facility on Ridley Island. As the first phase of a planned $3-billion port expansion, the hub allows Canadian petrochemical resins, agricultural commodities, and pulp to reach markets in China, South Korea, and Japan in regular shipments. The facility can handle 400,000 twenty-foot equivalent units (TEU) annually, with potential growth to 750,000 TEUs, adding approximately six million tonnes of cargo capacity to the port.

Operated by Montreal-based Ray-Mont Logistics, the project was funded by a $150 million loan from the Canada Infrastructure Bank, nearly $50 million from Transport Canada's National Trade Corridors Fund, and $25 million from the Stronger BC program. Canadian National Railway supported the hub by expanding the Zanardi Rapids Bridge and increasing rail corridor capacity. The primary development contract was executed by an Indigenous joint venture including the Metlakatla First Nation, Lax Kw’alaams Band, Gitxaała Nation, and IDL Projects.

The opening occurs amid escalating trade tensions and a trade war with the United States, during which Canada imposed counter-tariffs on $28 billion of U.S. imports. Officials state the facility supports national goals to double non-U.S. trade by 2035. While celebrating the launch, CEO Kurt Slocombe noted that labor stability and long regulatory timelines remain primary challenges for future waterfront investment.