The Special Areas Board and the Town of Oyen announced this morning that they are proceeding with development of the Oyen Rail Yard & Logistics Park Project – a 155-acre multi-phase economic development project. Phase 1 of this project will develop the existing rail yards located on the north edge of the Town of Oyen and will be park capable of managing up to 2500 cars annually, bringing in and shipping out a variety of materials ranging from specialty agricultural products to industrial construction project components. Estimated costs of the initial phase are $2.1 million and includes upgrades to existing rail, construction of new rail and initial site preparation.
Private sector commitments in the project will come from the establishment of new operations / facilities which are estimated at $10 million over the next three years. Iron Horse Energy Services has selected the Oyen as the site of a new frac sand distribution centre given its ideal location to support the expanding development of energy resource plays in Alberta and Saskatchewan. Iron Horse plans to commence operations in Oyen by late October 2017.
For more information see attached press release and backgrounder.