Premier Brad Wall and Regina Mayor Pat Fiacco joined Canadian Pacific (CP) President and Chief Executive Officer Fred Green, as well as other dignitaries in officially unveiling the future home of CP's Intermodal Facility at the Global Transportation Hub (GTH).
The new facility will be located on a 124-hectare (about 300 acres) site adjacent to CP's main line between Regina and Moose Jaw. Initial construction is expected to start this summer with completion scheduled for late 2012.
"The announcement by Canadian Pacific is very important for the success of the Global Transportation Hub," Wall said. "The GTH and its transportation logistics advantage is going to contribute to Saskatchewan's growing profile in a world that needs energy security and food security."
Canadian Pacific (TSX: CP) (NYSE: CP) joins Canadian Logistics Services (CLS) in locating to the GTH, which encompasses about 2,000 acres of serviced land. When fully developed, the GTH will comprise a major Western Canadian transportation and logistics centre. The Global Transportation Hub will stimulate provincial economic development by providing enhanced and more efficient access to global supply chains for Saskatchewan exporters and attracting new investment.
The GTH Regina Intermodal Facility will replace the existing terminal that opened in 1980.
