Saint John Industrial Parks has sent out an update on the proposed barge terminal facility for the west side. The project is supposed to encourage large scale fabrication businesses in the Spruce Lake Industrial Park.
Here is their January 2013 news letter:
Barge Facility Update
The Spruce Lake Barge Facility Project continues to gain momentum.
Saint John Industrial Parks Ltd. General Manager, Brian Irving, indicates that he is hopeful to have funding commitments in place by April to allow the call for quotations and construction to take place in 2013.
The project received a huge boost as the Feasibility and ROI study performed by Dr. Neil Ridler, Professor Emeritus of Economics, UNB, provided strong data around project outputs.
The baseline outputs of the project include:
175 jobs for New Brunswickers
$8.8M in anticipated GDP exports annually
$6.7M in labour income
$800,000 in Municipal/Provincial taxes annually
Saint John Industrial Parks has reserved 30 acres adjacent to the planned facility to market to additional fabricators and services providers. The GM indicated SJIP is partnering with Invest NB in efforts to grow the advanced manufacturing sector and double - or even triple - the project benefits.
For development opportunities, please contact Brian Irving at email@example.com or by phone at (506)658-4418.