Deltaport T2 Selection Process Update

Thursday, 28 February 2008 19:00

The Vancouver Fraser Port Authority (VFPA) is moving forward with the selection process for a Terminal 2 project partner. In August 2007, qualified candidates were invited to submit proposals as part of a formal Request for Proposal (RFP) process. Submissions were received from three qualified companies:

• APM Terminals North America Inc. / SNC-Lavalin Inc.
• DP World Investments FZE
• Hutchison Ports Development Limited

The process of reviewing these proposals and negotiating a business agreement will take approximately five months. Once the VFPA has selected its Terminal 2 partner, work will commence on the development of conceptual and environmental plans for the project. The development of conceptual and environmental plans will be done in consultation with the community, First Nations and the relevant environmental agencies.

The VFPA is looking for a qualified company to undertake planning, environmental approval, financing, construction and operations for the Terminal 2 Project. 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 surging growth in containerized trade with expanding Pacific Rim nations.