Monday, December 11, 2006

 

Final disposal by 31 December 2007

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Vancouver Wharves, BCRail's bulk marine terminal in North Vancouver, is up for sale. BCR has again invited C.I.B.C. World Markets to assist in selecting the winner of a 25-year operating lease, as they did in the mainline sale of BCRail.

Interested readers may glean some idea of the current situation by reading the company's most recent service plan, which is available on the website [http://www.tetracom.ca/transtalk/?p=1010].

BCRail's plan envisions final disposal, by December 31, 2007, of both Vancouver Wharves and the 23-mile railway line connecting three major railways (CN, Canadian Pacific Railway and Burlington Northern Santa Fe) with the port terminals at Roberts Bank.

There has also been a flurry of Orders in Council covering the sale of lands belonging to BCRail.

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