Port of Vancouver authority, GCT sign MOU to advance Roberts Bank Terminal 2

The Vancouver Fraser Port Authority and GCT Global Container Terminals say they have signed a memorandum of understanding to explore a partnership on the proposed Roberts Bank Terminal 2 project at the Port of Vancouver.

The agreement, supported by the Major Projects Office, sets out a process for the parties to collaborate, share information and negotiate toward a potential joint development agreement.

The port authority said expanding container capacity is critical to meeting future trade demand, improving supply chain resilience and maintaining Canada’s global competitiveness.

“Increasing container capacity is essential to Canada’s ability to compete, grow and trade with the world. This is an exciting time for the Roberts Bank Terminal 2 Project with procurement underway and a landmass construction partner to be selected this summer,” said Peter Xotta, president and CEO, Vancouver Fraser Port Authority. “This MOU moves us into planning for the next stage of project delivery with an opportunity for partnership with a Canadian-owned operator with a strong track record of delivery in Port of Vancouver.”

Under the agreement, the port authority and GCT will assess potential benefits and operational synergies over a one-year period, during which the port authority will work exclusively with GCT on a possible development and operating arrangement.

“GCT has a long history of driving growth at the Port of Vancouver,” said Eric Waltz, president and CEO, GCT Global Container Terminals. “Strong, reliable trade infrastructure is fundamental to Canada’s economic strength, and we are excited to work alongside the VFPA to explore how our operational expertise and long-term investment capacity can contribute to the successful delivery of RBT2.”

The port authority said it will continue to lead development of the project’s landmass and remain responsible for permitting and engagement with Indigenous communities.

As part of the agreement, GCT will withdraw its separate application for the Deltaport Berth 4 expansion project and instead focus on advancing Roberts Bank Terminal 2.