Port of Vancouver Sees Traffic Increase, Plans Expansions as Canadian Trade Booms

Researched by Industrial Info Resources (Sugar Land, Texas)--Canadian trade is benefiting from a growth in demand, and the Port of Vancouver is expanding as a result. The port is planning several construction projects for the coming year, from large-scale terminal improvements to minor changes to existing facilities. Industrial Info is tracking three projects from the Port of Vancouver worth a total of $1.94 billion.

The Port of Vancouver handles 19% of Canada's trade in goods, as measured by value, according to the Port of Vancouver's website.

The $1.45 billion Roberts Bank Container Terminal 2 addition, scheduled to kick off in first-quarter 2018, involves constructing a three-berth container terminal next to existing terminals at Roberts Bank, widening the existing causeway and expanding the tug basin to increase container capacity to 2.4 million twenty-foot equivalent units per year. For more information, see Industrial Info's project report.

Another large project is the $454 million Centerm Container Terminal expansion, which involves a westward extension of the Centerm storage yard, an extension of the rail yard, a rehabilitation of the Ballantyne Pier and a reconfiguration of the container yard to increase capacity from 900,000 to about 1.5 million TEUs. It is scheduled to kick off in third-quarter 2017 and to be completed by first-quarter 2020. For more information, see Industrial Info's project report.

Vancouver Fraser Port Authority's $40 million Deltaport Railway upgrade is part of an ongoing effort to improve terminal, road and rail facilities at Deltaport by constructing a new lead rail track and additional storage and support tracks. This project is scheduled to begin construction in third-quarter 2017 and to be completed in first-quarter 2018. For more information, see Industrial Info's project report.

"We are proud of the work we are doing to accommodate Canada's trade needs, while at the same time maintaining a healthy environment and enabling thriving communities," said Robin Silvester, president and chief executive officer of the Vancouver Fraser Port Authority, in a recent statement accompanying an economic sustainability report. "We look forward to continuing our work towards a lower carbon economy while we enable growth and economic prosperity through trade."

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.