CIB invests $100M in Cando Rail expansion to boost Western Canada trade capacity

The Canada Infrastructure Bank (CIB) has finalized a $100 million loan to Cando Rail & Terminals to expand its Sturgeon Terminal in Alberta’s Industrial Heartland, doubling the hub’s rail capacity.

The project will add up to 3,700 new railcar storage and staging spaces, including 1,100 for unit trains, and is expected to create 50 full-time jobs and contribute $22.3 million annually to the regional economy. Construction is underway, with operations set to begin in late 2026.

“Expansion of the Sturgeon Terminal opens up more opportunities for Alberta businesses to connect their products to global markets,” said Ehren Cory, CEO of the CIB.

Tim Hodgson, minister of energy and natural resources, said, “Western Canada is key to become an energy, natural resources and trade superpower. The new federal government is focused on getting Canadian goods to market, and through the CIB’s $100 million investment in the Sturgeon Terminal, Cando Rail will be able to catalyze new productivity and further strengthen supply chains.”

“As Cando Rail & Terminals works to expand capacity at our rail terminal in Alberta’s Industrial Heartland, support from partners such as the Canada Infrastructure Bank enables us to provide access to increased transportation and logistics solutions to our customers at an accelerated pace,” added Brian Cornick, president and CEO of Cando Rail & Terminals.