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Yesterday, Richardson International Ltd. announced plans to invest about $120 million in its Port Metro Vancouver terminal to increase storage capacity for grains and oilseeds. The company is seeking a permit from the port for the project, which is expected to take about two years to complete.

Richardson International plans to build an additional concrete grain storage annex with a total capacity of 80,000 metric tons at the Vancouver, British Columbia, terminal, which is served by CN. The project calls for installing distribution equipment and upgrading a dust filtration system.

Richardson International recently spent $20 million to improve rail receiving capacity and increase operating efficiencies at the port terminal. Reconfiguring the rail yard and adding a second rail unload pit and rail-car indexer will enable the company to double the number of rail cars it unloads daily, from 150 cars on a single track to 300 cars on a double track, Richardson International officials said in a prepared statement.

"By increasing storage capacity and enhancing our operation, we will be better positioned to serve our farmer customers and meet increasing demand for Canadian grains and oilseeds from end-use markets worldwide," said Darwin Sobkow, Richardson International's vice president of agribusiness operations.