SASKATOON – Mainline Terminal Ltd. has taken on Pioneer Grain Co. Ltd. as an operating partner in its proposed new inland terminal at Moosomin, Sask.
Pioneer will help design the terminal and provide expertise in areas like computer and accounting systems and rail-car allocation. The company will also have equity in the project, up to a maximum of 35 percent.
Terminal officials hope the announcement, combined with a series of country meetings scheduled this week, will boost sales of shares. The company is about one-third of the way towards its target of $1.5 million, with a deadline of Jan. 28.
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Mainline vice-president Morey Cote said now that harvest is over and Pioneer is formally involved in the project, things should pick up.
“We’re looking forward to some action coming again now,” he said. “People are actually coming to us and we’re making sales that way but we haven’t actively been pushing it because the main thrust has been to get the partnership straightened out.”
He said a major factor in the selection of Pioneer over several other contenders was its standing as a major player in the marketing of special crops and non-board grains.
“That’s something we’ll be pursuing to the maximum,” said Cote.
