Efforts to secure investors for the Port Alberni Port Authority’s proposed transshipment hub (PATH) at Sarita Bay are still underway, according to director of public relations and business development Dave McCormick.
“We’re still working hard,” said McCormick but added that there were “no firm commitments yet.
“This is a $1.7 billion project…these take time.”
The port authority has applied for a P3 grant from the Building Canada fund.
“We are confident that if the government supports [it] then we could rapidly leverage to secure remaining investments required.”
According to a 420-page pre-feasibility study by CPCS, PATH “has the potential to generate significant economic and other benefits.”
However, the report notes, “to be viable, the PATH concept would need to secure long-term traffic and investment commitments from one or more shipping lines.”