Nova Scotia ditches Halifax gateway plan
Nova Scotia has dropped a proposed joint Port of Halifax and Canadian National Railway (CN) gateway project on the back of high costs.
A recent feasibility study put the cost of a CN rail cut linking the Halterm container terminal with a major highway at $220m, way over the initial estimates of $80m.
The McCormick Rankin Corp study found in a benefit/cost analysis that “from a gateway perspective alone, the quantifiable benefits associated with the ITC (integrated transportation corridor) are significantly lower than the costs”.
However, the CN rail link is believed to be only one of a number of gateway projects under consideration.