The Canada Infrastructure Bank (CIB) has approved a C$100m loan to Cando Rail & Terminals to expand rail capacity at the Sturgeon Terminal in Alberta, a vital hub for Canadian goods destined for domestic and international markets, particularly along the CN Railway network.

This funding falls under the Trade and Transportation sector and will support the development of a new Sturgeon West Terminal, boosting supply chain capacity for industrial production centers in Western Canada. Construction is underway, with operations set to begin in late 2026.

The new terminal will introduce up to 3,700 additional railcar storage spaces and staging areas, enhancing the movement of goods to key ports like Prince Rupert and Vancouver, fostering trade and economic growth opportunities throughout Canada and North America.

Once operational, the new terminal is expected to create approximately 50 full-time jobs, adding to the existing 60 jobs supported by the current terminal, and contribute an estimated C$22.3m annually to the regional GDP.

Cando Rail & Terminals president and CEO Brian Cornick stated that the investment combined with CIB financing will increase market access and competitiveness for industrial facilities in the Heartland, attracting petrochemical, downstream energy, and heavy industrial investments.

Read more at Yahoo Finance: Cando Rail & Terminals secures $72m from CIB for terminal expansion