CWB is building another new elevator, this one at Ste Adolphe, Man., about 30 kilometres south of Winnipeg.
The new elevator will be a 34,000 tonne facility located roughly a kilometre off Highway 75.
“The Red River Valley includes some of the most fertile, high-producing lands on the Prairies,” said CWB president and chief executive officer Ian White.
“CWB is looking forward to putting down roots in the community with another modern, efficient and easily accessible elevator. We are excited to bring our world-class customer service and international brand to the area, while at the same time providing more choice to farmers.”
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Over the past year or so, CWB has amassed an impressive collection of grain handling assets.
Facilities now under the CWB banner include:
• Mission Terminal at Thunder Bay and its associated assets, purchased from Upper Lakes Group Inc. for an undisclosed amount
• Prairie West Terminal and its associated assets, purchased for $43 million
• Great Sandhills Terminal and its associated assets, purchased for $17.6 million
• new elevators currently under construction at Colonsay Sask., Bloom, Man., and Pasqua, Sask., not far from Moose Jaw.
The new facility at Ste. Adolphe is the fourth new construction project announced by CWB in the past year.
It is scheduled to open in early 2016.
The geotechnical survey for the latest project has been completed, and construction is scheduled to begin in mid-October.
The facility will feature a 134-car loop track and will have a loading rate of up to 1,600 tonnes per hour.
The elevator will have access to CN and BNSF Railway, providing CWB with excellent rail access to its Thunder Bay terminal as well as to western ports and U.S. and Mexican destinations.
“CWB’s rapidly growing network of grain-handling facilities continues to attract considerable interest by farmers, potential investors and the public,” said White in an Oct. 3 new release.
“As we continue to build a strong and integrated position in the grain handling supply chain, we create a stronger value proposition for farmers that choose CWB as their marketing partner, a partnership that includes an opportunity for an ongoing farmer ownership stake in CWB through our Farmer Equity Plan.”
By law, the CWB must submit a commercialization plan to Canada’s minister of agriculture by July 31 2016. If the plan is approved, it must be executed by July 31, 2017.
