Sask. developer's $45M project officially breaks ground at Global Transportation Hub

Ground was broken this week on $45-million project at the Global Transportation Hub, whichits developers say will bring international companies and increased trade to Saskatchewan.

On Thursday, Saskatchewan-based BrightenviewDevelopment International and the transportation hub held a ceremony at the 30-acre site west of Regina to mark the start of construction.

Brightenviewsaysthe Global Trade and Exhibition Centre will be home to a number of small and medium-sized manufacturers and entrepreneurs from Asia.

"The GTH for our project, mission and business model is an ideal fit," saidBrightenviewCEOJoeZhou.

The company said two of six buildings will be completed by February 2018.Zhou said it will announce the timetable for the fourremainingbuildings at a later date.

"Thefirst set of businesses to move into GTEC in 2018 will be distributors of electronics, home building materials and general consumer items. Others will export food products made from Saskatchewan agricultural goods,"the company said in a statement.

Brightenview saideventually, 300 businesses will set up at the centre. It toutsa capital investment of more than $200 million.

"Themarket'sinterest,demand and support at thisGTECis phenomenal," Zhousaid, referring to interest from companies both in Canada and abroad.

"I've had some very good discussions withBrightenviewover the past number of months and we're reallyoptimistic," said Jeremy Harrison, minister responsible for the GTH.

"I think this is going to be a very positive project for the city ofRegina, for the entire province."

Why the GTH?

Zhou said a number of factors played a role in choosing the GTH as a location for his project, including access to road and rail and the hub'sdesignation as a foreign trade zone.

"Businesses that export and import can cut red tape and reduce or eliminate trade barriers by operating in a foreign trade zone. This means lower operating costs and the ability to get goods to market faster and more efficiently," Brightenviewsaidin a statement.

In 2015, the provincial government received approval from the federal government to create a foreign trade zone at the GTH.

Dundurn project

This isn't the first time Brightenview has proposed a multi-million dollar project in Saskatchewan. In 2012, it announced plans for a mega-mall in Dundurn with space for 350 Chinese retailers. That project has not yet materialized.

• Massive shopping complex proposed for Dundurn
• Sask. company's investment could bring 500 jobs to Chatham-Kent

But the company's CEO said it has not been scrapped.

"We will continue working on the economics of the Dundurnproject on our own timetable and to provide the kind of growth opportunity to the investors and market interests," Zhou said.

In September 2014,Brightenview held a sod turning in the Chatham-Kent region of Ontario to announce it wasbuilding a Global Development Centre.

But in 2016, the land was turned back to the municipality and Brightenview forfeited its $40,000 deposit.