The lease for the grain elevator at the Port of Halifax will be extended at least until the end of 2028, following uncertainty around its future.
The operations of the elevator, which opened in 1924, had been in doubt because of plans for an ambitious expansion to grow the port’s cargo and cruise ship businesses.
Its lease was set to expire at the end of the year.
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Halifax Grain Elevator Ltd. said in a statement on social media earlier this month it had reached a deal with the port authority for dry bulk export vessel access for soybeans, wood pellets and other dry goods.
“We are looking forward to collaborating on a long-term solution that ensures Canada’s trade diversification and supply chain security through the Port of Halifax continues for many years to come,” reads the statement confirming the lease extension.
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The grain elevator has 365 silos that can store up to 140,000 tonnes of grain at a time, and is located at the south end of the port managed by the Halifax Port Authority.
The port’s 50-year plan, released in 2022, includes filling in the elevator’s export docking berth to expand the port’s cargo business.
The Halifax Port Authority and Halifax Grain Elevator Ltd. did not immediately respond to requests for comment.
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