‘Important first step’: Arctic Gateway, CentrePort sign MOU with Dubai ports giant
The Port of Churchill owners say they’re working with Dubai-based logistics giant DP World Inc. to potentially boost traffic to North America’s only deep water Arctic seaport.
The Port of Churchill owners have partnered with Dubai-based logistics giant DP World Inc. to potentially increase traffic to North America's sole deep water Arctic seaport. The memorandum of understanding signed by Arctic Gateway Group, CentrePort Canada and Hudson Bay Railway focuses on port operations and possibly creating a transportation corridor linking Manitoba to global markets.
Chris Avery, chief executive at Arctic Gateway, believes this is a significant opportunity for a non-U.S. directed port and trade-enabling infrastructure. DP World, with operations across six continents and $1.7 billion invested in Canadian port and logistics infrastructure, sees this as a stepping stone for exploring business opportunities in Manitoba.
The agreement highlights the Port of Churchill's growing diversity of commodities, including critical minerals, grain, potash and northern supply runs to Nunavut, and aims to strengthen Canada's trade infrastructure while diversifying trade routes and improving access to international markets.
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