A new $750-million export logistics hub at the Port of Prince Rupert can move up to 400,000 twenty-foot equivalent units annually at full operation, substantially expanding Canada’s Pacific export capacity.

CANXPORT, located at the southern end of Ridley Island, officially opened Friday following a two-year construction program. Operated by Montreal-based Ray-Mont Logistics, the rail-to-container transloading facility connects with Canadian National Railway and the port’s container operations.

The hub will transfer Canadian agricultural, forestry, petrochemical and mining products from rail cars into containers bound for international markets. Its off-dock yard will also store empty containers, reducing congestion at the Fairview Container Terminal.

CANXPORT can eventually expand to handle 750,000 containers annually, giving exporters more capacity to reach customers outside the United States as Canada diversifies its trading relationships.

The facility is expected to intensify demand for Prince Rupert’s limited supply of serviced industrial land, particularly for warehouses, transloading facilities and transportation services clustered around Ridley and South Kaien islands. The nearby 56-acre South Kaien Logistics Park is already largely preleased.

The federal government contributed nearly $50 million, while the Canada Infrastructure Bank provided a $150-million loan. British Columbia committed $25 million. Indigenous partners also participated in the project’s development and operations.