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CN Rail in joint bid for stake in largest container terminal in Eastern Canada

December 6, 2018 6:14 PM
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HALIFAX—Canadian National Railway is bidding to acquire a stake in the largest container terminal in Eastern Canada.

The Montreal-based company has confirmed joining a partner to bid for an interest in Halterm, a 30-hectare site at the Port of Halifax, but is declining to provide details.

Halifax is Canada’s fourth-busiest port in terms of container traffic, behind Vancouver, Montreal and Prince Rupert in northwestern British Columbia.

The Halterm Container Terminal was purchased by New York-based Macquarie Infrastructure Partners for $172.7 million in January 2007.

Source: thestar.com

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