CBRM for­mal­izes agree­ment with port mar­keters

Cape Breton Post - - CAPE BRETON - BY CAPE BRE­TON POST STAFF

The Cape Bre­ton Re­gional Mu­nic­i­pal­ity has of­fi­cially granted Har­bor Port De­vel­op­ment Part­ners the ex­clu­sive right to mar­ket the port of Syd­ney for de­vel­op­ment, in­clud­ing build­ing the fi­nan­cial and op­er­at­ing con­sor­tium to con­struct a new deep wa­ter port.

Coun­cil ap­proved the agree­ment with part­ners Barry Sheehy and Al­bert Bar­busci in June. The pair had al­ready been work­ing on the file for about 18 months and say they have spent $1.2 mil­lion of their own money on the ef­fort. With a for­mal con­tract in place, the pair will con­tinue to pay for their mar­ket­ing ac­tiv­i­ties.

The site con­sists of a 500-acre green­field site and 1,800 acres of sur­round­ing ser­viced brown­field lands.

Bar­busci did not re­turn a re­quest for com­ment Wed­nes­day.

Syd­ney har­bour has been dredged at a cost of $37 mil­lion to ac­com­mo­date the next gen­er­a­tion of con­tainer ships.

Pro­po­nents note that Syd­ney is 400 kilo­me­tres closer to Chicago than the suc­cess­ful West Coast con­tainer ter­mi­nal at Prince Ru­pert, B.C. Con­struc­tion gi­ant Bech­tel is act­ing as con­sult­ing engi­neers and prime con­trac­tor for fu­ture phases of de­vel­op­ment in Syd­ney.

Syd­ney cur­rently sees cruise, break-bulk and ferry traf­fic, han­dling 90,000 con­tain­ers, 80 cruise ves­sels and 150,000 pas­sen­gers.

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