News Summary

The Vancouver Fraser Port Authority (VFPA) and GCT Global Container Terminals (GCT) have signed a Memorandum of Understanding (MOU) to explore a partnership aimed at advancing the Roberts Bank Terminal 2 (RBT2) project at the Port of Vancouver. This agreement signifies a collaborative effort to increase container capacity, improve supply chain resilience, and maintain Canada’s global competitiveness. Over the next year, both parties will evaluate the potential benefits and operational synergies of this partnership, with VFPA leading the landmass development and GCT focusing on terminal operations. GCT will also withdraw its application for a separate expansion project to concentrate on RBT2. The MOU marks a crucial step in project planning, leveraging GCT’s extensive experience at the Port of Vancouver.