PRINCE RUPERT, BC, Aug. 9, 2018 /CNW/ - Ridley Terminals Inc.'s operations are key to the local and regional economies. The potential sale of Ridley Terminals Inc., a federal Crown corporation in the Transport portfolio, is expected to support continued high quality operations that are economically sustainable and that create quality middle-class jobs.
The Government of Canada today announced that in advance of the sale and in the spirit of reconciliation, it is engaging with six First Nations in the Prince Rupert area to discuss the potential divestiture.
Established in 1983, Ridley Terminals Inc. operates on Ridley Island in Prince Rupert, British Columbia, where it transfers bulk commodities from rail cars onto ocean-going vessels. The primary commodities shipped through the terminal are coal and petroleum coke.
The Government of Canada is pursuing the sale of Ridley Terminals Inc. to a private sector owner through a competitive sale process. Over the summer, the Government of Canada is engaging with local indigenous groups. These consultations, which are being held in the spirit of reconciliation, are intended to support an open, competitive and fair divestiture of Ridley Terminals Inc. that would be launched later in the fall. The Canada Development Investment Corporation, a federal Crown corporation under the purview of the Minister of Finance, has been mandated to manage the sale process on behalf of the Government of Canada.
Parties interested in participating in the sale process should contact the Canada Development Investment Corporation for further information at [email protected].
"The Government of Canada recognizes the importance of Ridley Terminals Inc. to the local and regional economies. By consulting early on with Indigenous communities on the future of Ridley, we are reiterating our commitment to advance reconciliation and to renew the relationship between the Crown and Indigenous Peoples in Canada. Ridley Terminals Inc.'s divestiture is expected to support continued high quality terminal operations that are economically sustainable and that maximize value for Canadians."
The Honourable Marc Garneau,
Minister of Transport
- The terminal is located on leased lands managed on behalf of the Government of Canada by the Prince Rupert Port Authority. A Crown corporation, Ridley Terminals Inc. is under the purview of the Minister of Transport.
- By engaging in meaningful discussions with the six First Nations, the Government of Canada is taking into consideration their unique perspectives on Ridley Terminals Inc.
- Ridley Terminals Inc. provides rail car unloading, product storage and loading services as a marine terminal. The terminal would be sold on an "as is" basis, involving a transfer of ownership from the Crown to a new owner. The lands on which Ridley Terminals Inc. operates are held by the Government of Canada and managed by the Prince Rupert Port Authority. There would not be a change in land ownership as a result of the sale.
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SOURCE Transport Canada
For further information: Delphine Denis, Press Secretary, Office of the Honourable Marc Garneau, Minister of Transport, Ottawa, 613-991-0700, [email protected]; Media Relations, Transport Canada, Ottawa, 613-993-0055, [email protected]