The Deltaport Third Berth Project is described by port authorities as being a "critical component" of Canada's Pacific Gateway Strategy and the VPA's initiative to expand container handling facilities to capture growth in container volumes that are predicted to be "significant" over the next 20 years.
The VPA said it will carry out over 150 key commitments to protect the environment throughout various phases of project development, including the monitoring and management of the Roberts Bank inter-causeway ecosystem, a habitat compensation plan to mitigate for project impacts, and a management plan to address environmental issues during the construction phase.
The Deltaport expansion project is an agreement between the VPA and terminal operator TSI Terminal Systems (TSI), who will share the capital cost of approximately CAD300 million (US$265.3 million). The VPA will oversee the marine construction, habitat compensation, and long-term environmental monitoring components, while TSI will undertake the yard construction and equipment acquisition.