The federal government is looking to sell its coal terminal, Ridley Terminals Inc., to a private sector owner.

The coal terminal in Prince Rupert is a Crown corporation within Transport CanadaB次元官网网址檚 portfolio and has been performing well in the past year. Total revenues were $178-million in 2017, up 192.5 per cent from the previous years.

As of the end of the June, the terminal had shipped 4.4 million tonnes of product, up 26 per cent from the same time last year. In July, RTI revealed with public consultations this fall.

On Aug. 9, the government announced that it has been engaging with six First Nations from the region to discuss the competitive sale process set for the fall.

B次元官网网址淭he government of Canada recognizes the importance of Ridley Terminals Inc. to the local and regional economies. By consulting early on with Indigenous communities on the future of Ridley, we are reiterating our commitment to advance reconciliation and to renew the relationship between the Crown and Indigenous Peoples in Canada. Ridley Terminals Inc.B次元官网网址檚 divestiture is expected to support continued high quality terminal operations that are economically sustainable and that maximize value for Canadians,B次元官网网址� said Marc Garneau, Minister of Transport, in the press release.

This isnB次元官网网址檛 the first time Ridley Terminals has been up for sale.

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The auditor general released a report on RTI in April finding failures in governance that included confusion over the sale of the terminal. The Crown corporation had been up for sale previously but after no buyers officials at the terminal were informed the sale status was on hold. The Department of Transport told the auditor general that RTI was no longer for sale but B次元官网网址渄id not formally confirm this with the corporation.B次元官网网址�

B次元官网网址淚n our view, until the corporation has full knowledge as to whether it is going to be sold, it cannot set its long-term strategic direction with any certainty,B次元官网网址� the report stated.

In response, the Department of Transport said it would B次元官网网址渃learly informB次元官网网址� RTI on the status of sale, and any key developments. Three months later, the government made the intention of selling the corporation public.

The Canada Development Investment Corporation, a Crown corporation under the Minister of Finance, will manage the sale process.

Since 1983, Ridley Terminals Inc. (RTI) has been mostly involved in the export of coal and petroleum coke. Last year, the corporation included as a move to diversify.

The terminal will be sold B次元官网网址榓s isB次元官网网址� to a private buyer, with all the assets for rail car unloading and loading onto vessels at the marine terminal included. However, the land, which is leased by the Prince Rupert Port Authority to RTI, will not change ownership after the sale.

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