Port of Halifax Container Terminal Operator to be acquired by Macquarie Infrastructure Partners
November 06, 2006
Halifax, NS November 06, 2006 - Halterm Income Fund, the parent company of Halterm Limited, operator of the South End Container Terminal at the Port of Halifax, today announced that it has entered into an acquisition agreement with New York-based, Macquarie Infrastructure Partners.
"We welcome this global partner to the Port of Halifax. We are focused on growing the international container business to the benefit of our regional economy," says Karen Oldfield, President and Chief Executive Officer of the Halifax Port Authority. "We are pleased that the local management team will continue terminal operations with the backing of a strong company with diverse transportation assets."
Background on the South End Container Terminal
The South End Container Terminal is located at the mouth of Halifax Harbour, one of the deepest harbours and deeper than any of its competitors on the Eastern Seaboard. The current terminal size is 72 acres. The terminal offers its users two important benefits - deep water port facilities and unobstructed access from the ocean. The approach is clear with no bridges, ice, shallow water, cross-currents, narrow channels or significant tides.
Current terminal equipment includes two post-Panamax cranes, four ship gantry cranes and three deep-water berths (1000 metres in length). These facilities permit simultaneously handling of three fourth-generation vessels. In addition, they have three ro/ro ramps which provide the flexibility to handle breakbulk cargo and rolling stock. Storage capacity on the terminal is 12,500 TEUs, plus an additional 30,000 square-foot covered shed.
The Halifax Port Authority, landlord of the terminal, announced in early November a dredging project to take the Pier C berths of the South End Container Terminal to 16 metres which will be completed in early 2007.
Rail facilities at the South End Container Terminal are located directly on the terminal. Intermodal connections include on-dock, double-stack rail service, as well as truck and highway access.
Halifax Port Authority is a government business enterprise mandated by the Federal Ministry of Transport. The HPA leads in the development of the Port of Halifax, serving as a catalyst for the local, regional and national economies and has a mandate to be financially viable. The Port of Halifax has a total annual income impact of almost $700 million and an employment impact of over 9000 direct and indirect jobs.
For more information please contact:
Michele Peveril
Manager, Corporate Communications and Public Affairs
Halifax Port Authority
Telephone: (902) 426-1060
Cell: (902) 229-3236
E-mail: mpeveril@portofhalifax.ca
