Canada: Meeting Highlights Prince Rupert Port’s Role in Building Prosperity

The Prince Rupert Port Authority announced that 2012 was a year of growth and prosperity for the Port of Prince Rupert and the many communities impacted by the reach of its gateway.

Details of the Port Authority’s activities and financials were discussed during its Annual Public Meeting, held at the Crest Hotel in Prince Rupert.

A record 22.2 million tonnes were processed by the port’s terminal operators in 2012, representing an increase of over 15% from the 2011 figure. Total revenue for 2012 reached $36.7 million, an increase of over 40% from 2011. In 2012, new infrastructure, marine terminal and expansion projects invested more than $200 million, and proposed projects were announced that represent the potential for more than $20 billion in new terminal development by 2020.

“The prosperity of a port is traditionally measured by its financial health, total tonnage, and the employment and economic activity it generates,” said Don Krusel, President and CEO of the Prince Rupert Port Authority. “While we are certainly successful by traditional measures, we are also committed to gauging prosperity by our ability to enable Canadian trade, maintain the safety and security of our harbour, protect the local environment, and engage with and invest in the communities where we operate. By incorporating all of these aspects into our corporate vision of success, we are ensuring the Port of Prince Rupert will continue on a path of prosperity for generations.”

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Press Release, June 20, 2013