Deltaport Terminal 2 Operator Selected

Thursday, 10 April 2008 19:00

Vancouver Fraser Port Authority (VFPA) has selected a joint venture between APM Terminals North America and SNC-Lavalin  (APM Terminals/SNC-Lavalin), as the preferred proponent for the Terminal 2 Project and will negotiate a business agreement as the next step in the partner selection process.

The process of negotiating an agreement is expected to take four to six months.

APM Terminals is a member of the A.P. Moller-Maersk Group of Denmark and is headquartered in The Hague, Netherlands. APM offers extensive global container terminal operations and management, with more than 50 terminals in 31 countries, including 13 major terminals in the United States.

SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services.

The partnership of APM Terminals and SNC-Lavalin combines the strengths of both companies to invest, design, construct and operate a world class terminal that meets VFPA’s sustainability objectives. VFPA sustainability objectives are based on a balance of financial, environmental and social components. These strengths were clearly demonstrated in every aspect of their proposal.  VFPA is confident in their ability to successfully complete and operate Terminal 2.

Once a business agreement has been negotiated, APM Terminals/SNC-Lavalin will proceed with site planning, investigation and environmental assessment prior to the submission of an environmental approval application to the appropriate government agencies. During this process, APM Terminals/
SNC-Lavalin will work with the environmental agencies, community and First Nations stakeholders.

The Terminal 2 Project is a proposal to expand container capacity at Roberts Bank by adding a new three-berth container facility. The schedule for Terminal 2 is yet to be determined. The development of Terminal 2 is part of a broader VFPA initiative to expand container terminal facilities at the port in response to the growth in containerized trade with expanding Pacific Rim nations.