Release Date: 02 April 2007
Release ID: 1239
Recently the Halifax Port Authority reviewed the capacity of the two container terminals to project over the next 10 years the maximum available capacity for cargo growth.
It is important that we understand the full potential of both current terminals as we plan our container growth strategy and capital infrastructure plan over the long-term.
In 2006, the Port of Halifax handled 530,722 TEUs. If no further capital projects were undertaken at the terminals, the current capacity of the terminals combined would be approximately 1 million TEUs.
With projected capital plans commencing in 2007 our sustainable terminal capacity will be in excess of 1.2 million TEUs. With additional investment in contiguous port lands adjacent to both container terminals, our capacity can be easily in excess of 2 million TEUs. These development plans will be contingent upon the business case supporing the need for investing in additional capacity based on cargo growth. To ensure full utilization of the current terminals, capital projects that can maximize terminal efficiencies will be undertaken before expansion of the physical footprint.
The Halifax Port Authority is a government business enterprise mandated by the Federal Ministry of Transport. The HPA leads in the development of the Port of Halifax, serving as a catalyst for the local, regional and national economies and has a mandate to be financially viable. The Port of Halifax has a total annual income impact of almost $700 million and an employment impact of over 9,000 direct and indirect jobs.
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