CP Celebrates Grand Opening of K+S Potash Canada’s Legacy Mine

Canadian Pacific (TSX: CP) (NYSE: CP) joins K+S Potash Canada (KSPC) in celebrating the grand opening of the Legacy Project mine site today.

The mine is the first of its kind built in Saskatchewan in more than 40 years, and the rail infrastructure built to serve the mine is the most significant engineering project undertaken by CP since the mid-1980s.

As quoted in the press release:

The 30 kilometer route to the mine site was a geotechnical challenge as grading through the valley required the movement of 9.7 million cubic metres of earth. Adding to the scope of the project was the construction of a 137 metre bridge and 70 metre tunnel. In the end, the rail project featured nearly 50,000 rail ties, 30.4 kilometers of track, 4,500 tonnes of steel (plates, rail, bolts), 90,000 tonnes of ballast and thousands of hours of work.

CP will primarily use unit trains – trains that consist of only one type of cargo – to ship the potash products to KSPC’s handling and storage facility in Port Moody, B.C. then on to overseas market. These unit trains will be approximately a mile and a half long, consisting of 177 rail cars and four locomotives.

CP President and CEO Keith Creel commented:

“We are incredibly proud to have collaborated with K+S Potash Canada on this project and look forward to delivering their product to international markets for years to come. Building 30 kilometers of new rail through a rural area, including a river valley, is no easy feat and I want to congratulate all those who invested their time and energy in bringing this project to a successful conclusion.”

Click here to read the full text release.

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