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VANCOUVER – The Vancouver Fraser Port Authority (VFPA) and GCT Global Container Terminals (GCT) have entered into a Memorandum of Understanding (MOU) to explore partnership opportunities to advance Roberts Bank Terminal 2 (RBT2) at the Port of Vancouver.

With the support of the Major Projects Office, the parties will work collaboratively to share information and work towards reaching a Joint Development Agreement, a release reads.

“Increasing container capacity is essential to meeting future demand, improving supply chain resilience, and maintaining Canada’s global competitiveness,” the release notes.

“The MOU reflects a shared commitment to strengthen Canada’s trade infrastructure by exploring opportunities for partnership to deliver RBT2 in a co-ordinated, efficient and commercially viable manner. As a majority Canadian-owned operator with over a century of experience operating container terminals and existing operations at nearby Deltaport, GCT may provide unique benefits to a partnership with VFPA.”

In particular, under the MOU, the two parties will assess the benefits, synergies and operational expertise GCT can contribute as the potential terminal builder and operator.

The term of the MOU is one year.

“VFPA will continue to lead the development of the RBT2 landmass and remain responsible for permitting and engagement with Indigenous communities,” the release explains.

“As part of this co-ordinated approach, GCT will withdraw its application to the Major Project Office for its separate Deltaport Berth 4 (DP4) expansion project and instead focus its efforts on advancing RBT2.”