WTE meaning in Business ?

Answer:

What is Westshore Terminals Income Fund mean?

Roberts Bank is home to a twin-terminal port facility located on the mainland coastline of the Strait of Georgia in Delta, British Columbia. Opened in 1970 with Westshore Terminals as its only tenant, Roberts Bank was expanded in 1983–84, and in June 1997 opened a second terminal, the GCT Deltaport container facility.

Part of Port of Vancouver, Roberts Bank is also known as the Outer Harbour of Canada's busiest port. Westshore is the busiest single coal export terminal in North America and is operated by the Westar Group on a long-term contract. It typically ships over 20 million tonnes of export coal a year and early in 2010 completed a $49-million equipment upgrade, bringing its capacity from 24 million to 29 million tonnes per year.

Like the Tsawwassen Ferry Terminal to the southeast, Roberts Bank was built at the end of a long causeway over a shallow bank. Originally created as a 20-hectare (49-acre) pod of reclaimed land for a major coal port, it is now four times that size. In January 2010, Deltaport added a third berth and doubled its capacity. It is now one of the busiest import/export ports in North America and a major hub for container trucking companies.

Roberts Bank is serviced by CN Rail, CP Rail, and BNSF Railway. Seaspan International provides tugboat services to both terminals at peninsula.

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