$250M In: Arctic Gateway's Chris Avery on Churchill's Investment Case
About this episode
This episode discusses the investment potential of the Port of Churchill and its partnerships with European ports.
The Port of Churchill is operational. Canada's only deepwater Arctic seaport, owned entirely by 29 First Nations and 12 northern Manitoba communities, has shipped critical minerals to European markets for two consecutive shipping seasons. Chris Avery, President and CEO of the Arctic Gateway Group, joins Mark Magnacca and Rob Brant on Drumbeats to set out the commercial case for European institutional capital. In this episode: Over $250 million in federal and provincial funding through the Port of Churchill Plus initiative is clearing the path for private capital entry A formal cooperation agreement with the Port of Antwerp-Bruges anchors Churchill's European trade pathway Direct rail connection to the North American Class One network, the only Arctic seaport with that integration Avery also explains why Churchill saves two to five days of shipping time over alternative North America to Europe routes, how research is extending the Arctic shipping season, and the ten-year ambition to make Churchill Canada's next major port. As Avery puts it, the asset is in the first inning.
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