The Vancouver Fraser Port Authority (VFPA) has named a joint venture of APM Terminals BV. as the preferred bidder for its Terminal 2 project.
Reports say other bidders included Hutchison Port Holdings (HPH) and DP World.
The JV between APM Terminals North America and SNC-Lavalin (APM Terminals/SNC-Lavalin) will now enter discussions with VFPA to confirm terms for an official agreement.
APM Terminals expects negotiations to take four to six months.
The Terminal 2 project aims to expand container handling capacity at Roberts Bank via a new three berth facility with a reported capacity to handle 2 million TEUs per year.
No schedule for the project has yet been confirmed.
Upon the signing of an official agreement, APM Terminals/SNC-Lavalin is slated to proceed with site planning, investigation and environmental assessment, before submitting an environmental approval application to the appropriate government agencies.
According to APM Terminals, 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 containerised trade with expanding Pacific Rim nations.
The VFPA was formed at the start of this year as a merger between the three Lower Mainland port authorities – Fraser River Port Authority, North Fraser Port Authority and the Vancouver Port Authority.
The amalgamated port jurisdiction under the VFPA covers nearly 600 kilometres of shoreline along the southwest coast of British Columbia, and currently has almost 30 deep-water cargo terminals.
Reports say other bidders included Hutchison Port Holdings (HPH) and DP World.
The JV between APM Terminals North America and SNC-Lavalin (APM Terminals/SNC-Lavalin) will now enter discussions with VFPA to confirm terms for an official agreement.
APM Terminals expects negotiations to take four to six months.
The Terminal 2 project aims to expand container handling capacity at Roberts Bank via a new three berth facility with a reported capacity to handle 2 million TEUs per year.
No schedule for the project has yet been confirmed.
Upon the signing of an official agreement, APM Terminals/SNC-Lavalin is slated to proceed with site planning, investigation and environmental assessment, before submitting an environmental approval application to the appropriate government agencies.
According to APM Terminals, 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 containerised trade with expanding Pacific Rim nations.
The VFPA was formed at the start of this year as a merger between the three Lower Mainland port authorities – Fraser River Port Authority, North Fraser Port Authority and the Vancouver Port Authority.
The amalgamated port jurisdiction under the VFPA covers nearly 600 kilometres of shoreline along the southwest coast of British Columbia, and currently has almost 30 deep-water cargo terminals.