CIB closes $100M deal to expand rail capacity at Sturgeon Terminal

The Canada Infrastructure Bank has closed a $100 million financial deal with Cando Rail & Terminals to expand the Sturgeon Terminal in Alberta's Industrial Heartland. This expansion will double the terminal's capacity, providing additional railcar storage and staging spaces to support the transportation of goods for both domestic and global markets. The project is expected to create 50 new full-time jobs and contribute $22.3 million annually to the region's GDP. Construction has begun with operations slated to start in late 2026.