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Rail News Home Intermodal

4/4/2007



Rail News: Intermodal

Kinder Morgan acquires Canadian bulk marine terminal from British Columbia Railway



Kinder Morgan Energy Partners L.P. recently reached an agreement to purchase bulk marine terminal Vancouver Wharves from British Columbia Railway Co., which is owned by the province of British Columbia. The transaction is expected to close in the second quarter.

Located at the Port of Vancouver’s entrance in North Vancouver, B.C., Vancouver Wharves comprises five vessel berths on a 139-acre site. The terminal handles more than 3.5 million tons of cargo annually, including mineral concentrates, pulp, agricultural products and sulfur.

Served by BNSF Railway Co., Canadian National Railway Co. and Canadian Pacific Railway, Vancouver Wharves features rail infrastructure, dry bulk and liquid storage facilities, and material handling systems.

“These assets align well with our growing network of terminals and broaden the services we can provide to our customers — particularly related to the growing Canadian oilsands production,” said KMP Terminals President Jeff Armstrong in a prepared statement.


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