PSA International has completed the acquisition of Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets, following formal approval by the relevant regulatory authorities.
Halterm is the only container terminal in Eastern Canada that can serve mega-container vessels. It operates three container berths covering more than a kilometer (0.6 miles) of quay length with depth of up to 16 meters (52 feet).
The terminal is currently undergoing further berth expansion, including the delivery of a fifth Super Post-Panamax Quay Crane, which will enable Halterm to handle two mega-container vessels concurrently in 2020.
In Canada, PSA also operates Ashcroft Terminal, British Columbia’s largest inland port facility. Ashcroft Terminal is located approximately 300 kilometers (186 miles) east of the Port of Vancouver, close to the major highways of British Columbia, and offers unique rail connectivity to both class-1 railroad lines — CN and Canadian Pacific Railway.
The Port of Halifax is Canada’s Ultra Atlantic Gateway, connecting to more than 150 countries and generating C$2 billion ($1.5 billion) in annual economic benefit from a diverse cargo and cruise business.
