Arctic Gateway Group, CentrePort Canada and DP World said Monday they have signed an agreement to explore trade and transportation opportunities tied to the Port of Churchill.
The memorandum of understanding includes potential connections between the Hudson Bay Railway, CentrePort's inland logistics hub and DP World's port network.
The agreement, focused on port operations, logistics services and the development of an integrated transportation corridor, comes as Canada pursues new export corridors to diversify trade routes, strengthen supply chains and expand access to overseas markets.
Port of Churchill, owned and operated by the Arctic Gateway Group, ships a diverse range of commodities including critical minerals, grain and potash.
The port has four deep-sea berths capable of accommodating Panamax-sized vessels, with a grain terminal that can store up to 140,000 tonnes and critical minerals storage capacity of 30,000 tonnes.
Steven MacKinnon, Minister of Transport of Canada, said the agreement was "an important opportunity to strengthen connections between northern, inland and global transportation networks".
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Diti Pujara)
