Feds put Ridley Terminals up for sale

Thursday, the Government of Canada announced their intention to sell Ridley Terminals Inc. in Prince Rupert.

Thursday, the Government of Canada announced their intention to sell Ridley Terminals Inc. in Prince Rupert.

“The Government of Canada regularly reviews its corporate assets to ensure the rationale for continued public ownership is still relevant and tax dollars are being spent wisely,”  Minister of State for Finance, Ted Menzies said in a press release.

“Ridley Terminals once operated at a loss requiring millions in government support, but now is an asset of considerable value.

“Private ownership could allow the terminal to maximize its contribution to economic growth, jobs and new investments.”

The terminal, which sits on 55 ha, is an integral part of the federal government’s Asia-Pacific Gateway and Corridor Initiative designed to ease the movement of goods, services and people to and from  Asian-Pacific markets.

With a current annual shipping capacity of 12 million tonnes, Ridley has plans to expand to 24 million tonnes.

Skeena-Bulkley Valley MP Nathan Cullen (NDP) is not impressed with the announcement, especially as it comes on the heels of the Conservative government’s approval of the sale of Nexen Inc. to China National Offshore Oil Corporation Ltd (CNOOC).

“Last week we saw Stephen Harper and his one-man band sell out Canadians with the disgraceful Nexen deal,” Cullen said in a press release.

“The Conservatives have earned themselves the deep distrust of most Canadians over their handling of the Nexen deal and now they’re peddling another major Canadian asset without due process.

“A decision of this magnitude that so fundamentally affects the northwest and all of Western Canada should first go to the people for consultation and then on to Parliament for honest debate.”

 

 

Just Posted

Coastal GasLink gets interim injunction against Unist’ot’en

The LNG pipeline company can start work Monday with enforcement approved by court.

Smithers Christmas Bird Count

Time to register for the annual bird count, an effort done across the hemisphere.

They’re engaged!

Birthday party turns into engagement party for Doug and Matilda

Hampers a chance to help in the Christmas spirit

SCSA sends around 350-400 hampers to the area from Witset to Telkwa.

Volunteers create Christmas magic at Santa’s Breakfast

PHOTOS: For the past 19 years, a local event helped remind us that Christmas is a time of giving.

Some types of cauliflower, lettuce recalled over E. coli fears

The Canadian Food Inspection Agency announced recall because of possible contamination.

Ryan Reynolds to narrate movie about B.C.’s Great Bear Rainforest

Vancouver-born actor known for Deadpool movies will voice film to be released Feb. 15, 2019

Airline passengers could get up to $2,400 for delays, damaged bags: Canadian agency

Canadian Transportation Agency is releasing draft regulations for public feedback

Top of mind: ‘Justice’ is Merriam-Webster’s word of the year

Merriam-Webster has chosen “justice” as its 2018 word of the year, driven by the churning news cycle and President Trump’s Twitter feed.

‘Spider-Verse’ swings to the top; ‘Mortal Engines’ tanks

“Spider-Verse” has been very well-received among critics, and audiences in exit surveys gave it a rare A+ CinemaScore.

Canadians spent almost $64,000 on goods and services in 2017

Households in B.C. each spent $71,001 with housing costs contributing to higher average

Speaker at rally says Alberta oil ‘puts tofu on the table in Toronto!’

RCMP estimated more than 1,500 people attended the rally in Grande Prairie

White House closer to partial shutdown with wall demand

Without a resolution, parts of the federal government will shut down at midnight on Friday, Dec. 21

Canucks score 3 power-play goals in 4-2 win over Oilers

Vancouver sniper Boeser has 6 goals in last 5 games

Most Read