Port of Churchill’s owners sign a deal with DP World to boost trade

The memorandum covers

• Port operations
• A possible transportation corridor
• CentrePort Canada inland shipping hub
• Hudson Bay Railway

The Indigenous-owned Arctic Gateway Group signed a memorandum of understanding with Dubai-based DP World on port operations and a possible corridor to global markets. No dollar investment commitments were announced.

An LNG terminal could cost more than

70 $ billion

Premier Wab Kinew has championed a port expansion that would include a liquefied natural gas export terminal costing more than $70 billion.

Why it matters

The port has handled little traffic in recent years, but interest has returned as Canada looks to diversify trade routes and thinning sea ice lengthens the possible shipping season.