AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Sydney sets sail.
BYLINE: BY PETER T. LEACH
Suddenly, Nova Scotia, whose two container terminals in the Port of Halifax lost volume and carrier calls in the last year, is getting ready to sprout two greenfield container ports to the north of Halifax.
A consortium plans to invest $300 million to start building a 1.5 million-TEU terminal at Melford on the Canso Strait that divides the mainland of the province from Cape Breton Island. Another consortium called the Marine Group is investing $200 million in a 750,000-TEU terminal in Sydney on the island across the strait. Both port ventures are preparing to break ground on their terminals in the next year and complete them by 2010-12.
What's driving this massive capacity expansion when Halifax's volumes suffered an 8.1 percent drop last year? The two new …
