Wash. Port Releases New Lease Details For Oil-by-Rail Terminal

May 1, 2014 — The Columbian —  The Port of Vancouver on Wednesday released an updated version of its lease for the Northwest’s largest oil-by-rail transfer terminal, featuring fewer censored details but maintaining redactions of key issues the port considers sensitive.

The port released the updated version of its lease (429 pages in electronic format) with Tesoro Corp. and Savage Companies in response to multiple requests made in April by various parties, including the Columbian and The Oregonian newspapers, Theresa Wagner, the port’s communications manager, said Wednesday.

In the original version of the lease, the port had kept secret a total of 22 pieces of information. In the updated rendition, the port revealed 11 of those 22 pieces of information, Wagner said.

One revelation: The port is allowed to terminate the lease if Tesoro and Savage fail to launch construction within four months after both parties are presumed to have fulfilled certain other contractual obligations.

Previously, the port had censored the companies’ construction timeline.

More Here

~~~~~~~~~~~

File photo of proposed site for an oil-by-rail terminal in Vancouver, Washington. | credit: Port of Vancouver USA

Scroll to top