It took five years, but the Global Transportation Hub (GTH) will finally get a new tenant.
The province has approved the sale of-38-million of land between GTH and Cargill.
Sales will see the Kargil GTH build $ 350 million canola crushers.
The 247-acre plot is the first land to be sold to the Regina government-owned industrial park since 2017.
Saskatchewan Crown, Global Transportation Hub raises 46 million loan
According to their 2019-2020 financial statements, GTH owes more than $ 46 million.
Saskatchewan Minister Jim Ritter is confident the deal will get the hub back on track.
“It simply came to our notice then. GTH has a project of this size and size. I am very optimistic, I think the future is bright, I am hopeful it will create some momentum and we will see more of these announcements in the coming years, “said the Minister.
Air Canada suspends direct Vancouver-Delhi flight, a factor in Ukraine war
US targets Putin’s children, Russia’s Suburban Bank with new sanctions for war in Ukraine
Once commissioned in early 2024, the plant is estimated to have an annual capacity of one million metric tons.
Regina’s Global Transportation Hub Cargill is building new canola processing facilities
Ritter says it is expected to have 50 full-time employees.
Highlanders are concerned about the planned canola crushing facility site
In August 2021, Cargill Canada President Jeff Vasart said the location provided great access to existing highway and rail infrastructure.
“The location of Cargill’s new facility will give canola growers easy access to their deliveries and, as a result, allow Cargill to efficiently deliver grain, oil and food to end-use customers,” Vasart said in a release.
Cargill currently operates two Canola Crush facilities – one in Camrose, Alta and the other in Clavet, Saskatchewan.
© 2022 Global News, a division of Corus Entertainment Inc.