Membertou becomes partner in Sydney container terminal project

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“The Membertou First Nation has signed on as a major partner in the effort to develop a container terminal in Sydney, N.S.

Membertou Chief Terry Paul said the Membertou Development Corporation, which is the economic development arm of Membertou, has made an investment that gives it a 22.5 per cent stake in Sydney Harbour Investment Partners (SHIP), the company that has an exclusive contract from the Cape Breton Regional Municipality to market the proposed container terminal project.

SHIP has been working for years to attract investors and customers. Proponents say a rail line in Cape Breton is an essential component for the container terminal.”

Original Source: CBC News