PSA International (PSA) has, through its wholly-owned subsidiary PSA Canada Holdings Ltd, is to acquire a 60% stake in Ashcroft Terminal (AT).
The inland port facility located approximately 300km east of the Port of Vancouver (POV) and comprises 320 acres of free-hold industrial land.
The Canadian National (CN) Railway and Canadian Pacific Railway run through the terminal, transporting import and export cargoes to and from the POV, across Canada and as far as Chicago and other North American markets.
Besides its unique rail connectivity, AT is also located close to the major highways of British Columbia that serve much of the province’s resource industries.
Tan Chong Meng, Group CEO of PSA, said: “We will partner with shipping lines, rail operators and trucking companies to implement a more robust, efficient and cost effective supply chain solution to serve the needs of major exporters in Western Canada.”
For more information, visit: www.globalpsa.com
6th August 2018
