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P.E.I. Grain Elevators Get $9.2M Loan for Expansion

Three elevators on the Canadian island located in Kensington, Elmsdale and Roseneath

November 30, 2020

Photo: Laura Meader, CBC

Photo: Laura Meader, CBC

Prince Edward Island's three grain elevators are receiving a $9.2 million repayable loan from the provincial government for expansion and renovations, the province announced Wednesday.

CBC reports the loan goes to the P.E.I. Grain Elevators Corporation through Finance P.E.I.

According to a news release, the money will increase the elevators' capacity and efficiency, and decrease off-Island storage costs.

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