Focus Equities co-owner Kenneth Mariash says the construction of the CenterPort Canada Rail Park could be a step in that direction. The railway park is moving to North America’s largest tropical port, the province of Manitoba announced on Friday. The project, which is estimated to generate $ 3 billion in economic activity for the province, will complete the inland port’s vision to enhance accessibility through three modes of transport: air, rail and freight, said Centiane, president and CEO of CentreP . “Obviously, this is exciting. Economic growth means job creation. “It means an opportunity,” Gray told Global News on Tuesday. The railway park is expected to create about 5,000 jobs during construction, which could take 10 to 20 years, he said. The story goes on under the ad
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CentrePort consists of 20,000 acres belonging to the city of Winnipeg and the RM of Rosser, a land designed to take advantage of its central geographical location and to serve as a logistics, construction and storage hub. The CenterPort Canada Rail Park will be located northwest of the CenterPort Canada Way and south of the main east-west line of the Canadian Pacific Railway. Focus Equities is taking on the 665-acre project, which Gray says will help companies move goods more efficiently. The CenterPort Canada Rail Park will be located northwest of the CenterPort Canada Way and south of the main east-west line of the Canadian Pacific Railway. Focus Equities / Provided The industrial land already hosts more than 1,000 companies, he said, with CentrePort attracting more than 100 since its inception in 2008 through The CentrePort Canada Act. Trucks went up and down CentrePort Canada Way on Tuesday – a route of over 10,000 trips a day. Brand new buildings of many tenants cover part of the surrounding landscape, along with pieces of freshly overturned soil, signs of busy construction. The story goes on under the ad
Read more: New industrial development announced for Manitoba CentrePort
“Companies operating part of their supply chain by rail will have the option of having direct flights to their property and facilities,” Gray said. They will be able to connect to three Category 1 railways: directly to CP and indirectly to the Canadian National Railway (CN) and the Burlington Northern Railway and Santa Fe Railway (BNSF) via federal switches, he added. Trending Stories
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As trucks continue to dominate the Canadian bureau, Gray said a number of pressures in the industry could push companies to look at the railroad, including reducing their environmental footprint and increasing fuel costs. The project is a move that supply chain expert Barry Prentice says will make CentrePort more attractive. “It’s a bit like, ‘Well, if you don’t have it, why should people come here?’ “And if you have it, it’s probably another reason for (companies) to come here,” Prentice, a professor at the University of Manitoba, told Global News on Friday. “Certainly, it is much more positive than negative.” “Meeting the three railways here in Winnipeg and having access to all three of the railway parks will make us a more desirable location.” The railroad park is also current, with the acquisition by CP of Kansas City Southern (KCS) in December linking Winnipeg to Mexico with a single line, he said. The story goes on under the ad “It simply came to our notice then. Products arrive faster. “They are not likely to be lost; and of course, prices can also be more competitive.” Prentice says it can not predict whether the project will be profitable, but it is a step that Winnipeg president and CEO believes will launch the centrePort-hoped business. “It’s one of the last big pieces we need to have to be able to realize the benefits of CentrePort and what we sold to be CentrePort,” said Dayna Spiring. “I’m really excited about it. “I think this is a very big issue and it will change the game in the field of economic development.”
Railway Park Could Put Manitoba ‘On Map’: Developer
Focus Equities plans to begin construction this summer with the goal of having the first fully serviced commercial lots available to tenants by next summer. Up to 20 different tenants could settle in the train park once it is completed, Mariash told Global News on Tuesday, and are in discussions with many stakeholders. Mariash expects the project to put Manitoba on the map as railways become more relevant amid increasingly congested US ports and a shortage of truck drivers. The story goes on under the ad
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If the CN-KCS merger is approved by a U.S. regulator, the three-nation rail network could help bypass congestion in Houston and Los Angeles and make Winnipeg a hot commodity, Mariash said. Focus Equities co-owner Kenneth Mariash says the December acquisition of Kansas City Southern by CP, which connects Winnipeg to Mexico, could make the city a hot commodity. Focus Equities / Provided “The Canadian Pacific is talking about (a) a 60 percent increase in the volume of goods, which is huge,” Mariash said. “The impact on Winnipeg, which is the terminal from the southern countries to the north, will be very, very much in demand.” “I think, just wait and see. You will not recognize the place in 20 years. He will get what he deserves, which is wonderful. “ The story goes on under the ad More to follow… 1:43 CentrePort Expects to Build $ 100 Million Rail Terminal in Winnipeg CentrePort Expects to Build $ 100 Million Rail Terminal in Winnipeg – June 7, 2018 © 2022 Global News, part of Corus Entertainment Inc.
