Houston-Kinder Morgan Energy Partners, L.P. said April 3 that it has entered into an agreement to purchase and operate Vancouver Wharves, a bulk marine terminal, from British Columbia Railway Co., a crown corporation owned by the Province of British Columbia. The Vancouver Wharves facility, located at the entrance to the Port of Vancouver, consists of five vessel berths situated on a 139-acre site. The terminal assets include significant rail infrastructure, dry bulk and liquid storage, and material handling systems that allow the terminal to handle over 3.5 million tons of cargo annually. Vancouver Wharves also has access to three major rail carriers connecting to shippers in western and central Canada and the U.S. Pacific Northwest. The transaction is expected to close in the second quarter of 2007. Vancouver Wharves offers a variety of both inbound and outbound services and presently handles four primary commodity groups: mineral concentrates, pulp, agri-products, and sulfur. It is one of two major sulfur export terminals in the Port of Vancouver and is the primary facility capable of handling mineral concentrates such as copper, lead, and zinc for the Canadian mining industry.
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