Friday, January 27, 2012

CN Rail signs 10 year deal with Canpotex

CN Rail, the company with exclusive rail access into Prince Rupert have signed a 10 year deal to ship potash volumes from Saskatchewan. This is the first time CP Rail has not possessed sole rights to this contract and provides further encouragement to those in Prince Rupert who eagerly await news of Canpotex's proposed export facility being built at Ridley Island.
The CEO of The Potash Corporation of Saskatchewan has stated that no final decision on the Prince Rupert project has been made and the environmental assessment and public consultation periods are still ongoing. However a large part of CN Rails sales pitch to Canpotex consisted of trumpeting their exclusive access to Prince Rupert which would indicate an elevated degree of importance being attached to the project.

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