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Cando Rail & Terminals secures $72m from CIB for terminal expansion
Yahoo Finance· 2025-09-12 16:55
The Canada Infrastructure Bank (CIB) has finalised a C$100m ($72.3m) loan to Cando Rail & Terminals aimed at expanding its rail capacity at the Sturgeon Terminal in Alberta. The Sturgeon Terminal, currently operating at full capacity, functions as a multi-purpose rail hub within the largest industrial area in Western Canada, Alberta’s Industrial Heartland, providing essential services. These services include storage, staging, haulage, and transloading for Canadian goods destined for both domestic and int ...