Port Metro Vancouver Applauds Canpotex Vancouver Terminal Expansion Plans

    METRO VANCOUVER, June 26 /CNW/ - Port Metro Vancouver is pleased with the
announcement by Canpotex Ltd., the Saskatchewan potash export agency, of its
intention to nearly double potash shipments through two West Coast Canadian
ports. Canpotex plans to spend more than $500 million to increase shipping
capacity from 12 to 23 million tonnes per year.
    Approximately half of this increase will be accommodated by an expansion
adjacent to the Port's Neptune Bulk Terminals in North Vancouver. The
remaining tonnage will be shipped through a new terminal planned for Ridley
Island near Prince Rupert.
    "We are encouraged that this important Canadian commodity will continue
to be shipped through Canadian ports, and at substantially increased volumes,"
said Captain Gordon Houston, President and Chief Executive Officer, Port Metro
Vancouver. "We look forward to expanding our existing potash capacity, which
aligns with our goal of providing excellent service, facilities and
reliability to Canadian exporters."
    This projected increase in potash export capacity complements the North
Shore Trade Corridor Initiative, a Port program to develop road and rail
enhancements in the Lower Mainland. Partners in this initiative include Port
Metro Vancouver, CN Rail and North Shore terminal operators, along with
Transport Canada, the BC Ministry of Transportation and Translink.

    Port Metro Vancouver is Canada's largest and most diversified port,
trading more than $53 billion in goods with more than 100 trading economies
annually. Port activities generate 69,000 jobs across Canada with $4 billion
in Gross Domestic Product and $8.9 billion in economic output.

For further information:

For further information: Anne McMullin, Director, Corporate
Communications & Public Affairs, Port Metro Vancouver, Telephone: (604)
665-9069, Cellular: (778) 231-6978, Email:

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