Users Support Canadian Government Sale of Ridley Terminals
The Canadian government's decision to sell Ridley Terminals in Prince Rupert, British Columbia, was supported by the Ridley Terminals Users Group, it said. Ridley Terminals is a critical component of the Western Canadian export logistics chain and a key enabler…
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of delivering Canadian resource products to international markets, the group said. The government said it intends to divest the terminal to a buyer that will operate it with open access on a long-term sustainable basis. "An open access model whereby rates are set to motivate sustainable throughput is critical in ensuring that all existing and potential shippers can successfully operate and develop current and future mining assets," the users said. Doug Smith, chair of the Ridley Terminals Users Group, said: "A fully-enabled Ridley Terminals will ensure the long-term viability of the asset, for the benefit of the Western Canadian coal market and, related, local communities and economies throughout British Columbia and Alberta."