Global Transportation Hub Update

Oct 20, 2017

Financial viability

  • Unlike traditional land developers, the GTH was not designed to be a for-profit enterprise; this is an infrastructure designed to support trade for generations to come.
  • The self-governing inland port is already a success with twelve clients signed on, helping create jobs and new types of business opportunities for Saskatchewan.
  • The GTH is admired by its industry peers who understand that logistics parks take 25-30 years to reach full maturation.

Finances

  • The GTH budget is based on current scans and historical progress - challenging economic conditions have made it difficult for GTH to meet its sales goals; however, it's balance sheet remains strong with an equity position of just under $23 million last fiscal.
  • The GTH does not draw funding from the general revenue fund; operations are funded by land sales and taxation.
    • During its early years, the GTH had tremendous success creating unrealistic annual growth expectations.
    • 2015 - $5.8 million surplus
    • 2014 - $18.2 million surplus
    • 2013 - $236 thousand surplus
  • Over the last 5 years, the GTH has sold 329 acres of land generating $62 million.
  • The GTH has invested $42 million into its infrastructure to supports its current and future clients.

Economic impact

Private sector investment in the GTH has topped $485 million.

  • Over 860 fulltime jobs have been realized at the GTH while employment during construction has created 1,800 jobs.
  • 4,800 trucks move in and out of the GTH every week
  • Over $17 million generated in incremental diesel fuel tax and $15.2 million in provincial personal income tax.

Business development activities

  • The GTH's business development activities are very aggressive with ongoing discussions underway with more than 40 qualified prospects.
  • Over the past five years, the GTH has interacted with companies and organizations in 52 countries.