It is reported that the Vancouver Fraser Port Authority has named a joint venture of APM Terminals BV as the preferred bidder for its Terminal 2 project. Reports said that other bidders included Hutchison Port Holdings (HPH) and DP World.
The JV between APM Terminals North America and SNC Lavalin will now enter discussions with Vancouver Fraser Port Authority 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 Vancouver Fraser Port Authority initiative to expand container terminal facilities at the port in response to the growth in containerized trade with expanding Pacific Rim nations.
The Vancouver Fraser Port Authority 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 JV between APM Terminals North America and SNC Lavalin will now enter discussions with Vancouver Fraser Port Authority 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 Vancouver Fraser Port Authority initiative to expand container terminal facilities at the port in response to the growth in containerized trade with expanding Pacific Rim nations.
The Vancouver Fraser Port Authority 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.