Millbrook & Melford Sign Investment & Consulting Agreements
News Release
For Immediate Release
November 16, 2007
Millbrook First Nation Band Council Chief Lawrence Paul today announced an investment by the Millbrook First Nation Economic Development Corporation in the Melford International Terminal Project at the Strait of Canso. Chief Paul announced the investment at a news conference today at the Glooscap Heritage Centre in Millbrook.Chief Paul described the band’s action, investing in the global transportation business, as a “bold step”, He said, “The Millbrook Band has been a leader in partnering with the private sector in business initiatives for a number of years and this is yet another example of our leadership and entrepreneurial spirit”.
In addition to the investment in Melford, Millbrook has agreed to provide consulting services to the Melford Project. Millbrook will serve as advisor to Melford on all First Nation issues, including land and environmental matters.
Melford President Paul Martin said his company is extremely pleased to have Millbrook as a partner and an advisor. Martin said, “This band has earned a reputation as an aggressive, forward-thinking group and we are delighted with the confidence they have demonstrated in our project and our ability to deliver”.
Chief Paul said, “We are excited about this opportunity. We believe it will change the economy of Nova Scotia, are proud to be a part of the project and will look to take advantage of the many opportunities that will follow”. Chief Paul said Millbrook was impressed by the quality of the investors and partners that Melford has attracted and stated that the Melford team has the ability to bring the project to reality, and that was a significant factor in the band’s decision to be a partner and advisor.
About Millbrook First Nation
Since 1990, the Millbrook Band has been working progressively to increase economic development in the community. The philosophy has been that to achieve community well-being the band must approach its problems holistically, addressing all aspects of the community;social, mental, physical, emotional, spiritual and have and will continue to create opportunities for youth and other members of the band.
In addition to this, conomic development and building solid business partnerships is of primary importance to the Millbrook First Nation says Chief Paul. “We will continue to build the capacity of our community and our people and will continue to invest in training and preparing our people for gainful employment. We will continue to develop and grow the band owned Power Centre Business Park to attract more business and continue to promote and educate the public about the history of the Mi’kmaq people through mediums like the Glooscap Heritage Centre, which recently won a Band Operated Enterprise of the Year Award!
Millbrook First Nation is a major partner of General Dynamics in the winning bid to replace the military’s aging fleet of Sea King helicopters.
About Melford International Terminal Inc.
Melford Terminal is a Nova Scotia company that is developing a container terminal, rail intermodal facility and logistics park at Melford, Guysborough County on the Strait of Canso. Melford Terminal intends to capitalize on the opportunities presented by the rapid growth in Asian – North Americal trade and is scheduled to open in early 2011.
The Melford Advantage – Melford Terminal will be the closest deep-water terminal in Mainland North America to Europe and the Suez. The terminal will employ state-of-the-art technology, modern labour rules, innovative intermodal options and emerging security measures in one of the lowest-cost environments in North America. The geography, ice-free deep-water and the availability of thousands of acres of industrial land which can be developed adjacent to the terminal provides a unique and unmatched opportunity.
Source:
Millbrook First Nation
Melford International Terminal Inc.
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