[David1gray]

Investors confident about $350 million project

Members of the Antigonish business community gathered last week to hear an update and status report from Mahar Melford International Terminals.
The company, which plans to develop a deep-water container terminal at Melford on the Strait of Canso, presented at a luncheon at the Keating Centre hosted by the Antigonish Chamber of Commerce and Antigonish Regional Development Authority.
Paul Martin, president of Mahar Melford International Terminals, said the company is going to spend $350 million in this part of Nova Scotia.
“It’s going to take 24 to 30 months to build these facilities. We are going to build a very large 315 acre, state-of-the-art marine terminal. We are acquiring the land at fair market value.
“We’re going to build a 32 km stretch of brand new rail line that’s going to connect this terminal to the CB&CNS [Cape Breton and Central Nova Scotia] line at Linwood Junction. We’re going to build a 4.2 km section of Highway 344 to replace the existing so-called Melford Loop which is where the terminal will be constructed, and we’re going to build a 1,500 acre logistics park.”
Phase one of the project is $351 million and it includes the first 250 acres of the logistic park, Martin said.

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