A new anchor tenant expected to spur development at the CentrePort Canada Rail Park was announced in Winnipeg on Thursday morning.

Toronto-based BroadGrain Commodities will build a $25-million terminal to handle grain and beans at the inland port, located near Richardson International Airport.

The development will take up close to 12 hectares (29 acres) of the 280 hectare (700 acre) rail park.

BroadGrain is new to Winnipeg and the development will bring significant rail movement through the port, a CentrePort spokesperson said. The development marks the beginning of an expansion for BroadGrain into Western Canada.

BroadGrain's investment also triggers the construction of Phase I of CentrePort's new rail park. CentrePort is investing $2.4 million to build the lead tracks and switches off the Canadian Pacific Railway mainline, which will connect to BroadGrain's dedicated tracks.

The lead tracks and switches will be owned by CentrePort and will service additional projects as the rail park develops.

The government of Manitoba said it will provide financing to assist with the construction of rail leads and switches. The province is also realigning Highway 221 to support rail park development.

CentrePort Canada is Manitoba's 8,000 hectare (20,000 acre) inland port and foreign trade zone. The new rail park is being built just south of the CP mainline and west of CentrePort Canada Way.

The rail park is being developed in phases as further projects are secured.