Vancouver Port Authority names preferred bidder for major terminal project

The Vancouver Fraser Port Authority has selected TerraMarine to lead the landmass and wharf component of the Roberts Bank Terminal 2 Project.
The selection marks a key milestone for the planned marine container terminal, which will increase container capacity on Canada’s West Coast by more than 30 per cent.
The port authority said the project will unlock more than $100 billion in annual trade capacity, contribute more than $3 billion annually to the country’s gross domestic product (GDP), and support thousands of jobs.
The selection follows a competitive procurement process and remains subject to final contract negotiations.
TerraMarine comprises FlatironDragados Canada Inc., Van Oord Canada Ltd., Aecon Constructors, and Carlson Construction Group Inc. The team also receives support from Arcadis Professional Services Canada Inc., Stantec Consulting Ltd., TYPSA Inc., and Tetra Tech Canada Inc.
The contract covers the construction of the marine landmass, wharf structure, berth pocket, widened causeway, expanded tug basin, and selected environmental mitigation work.
Early works in 2027
The port authority said TerraMarine will now work with First Nations, regulators, and project partners to advance construction planning, including logistics, scheduling, and subcontracting opportunities.
The authority expects to achieve financial closing, mobilize construction, and begin early works in late 2027. The project team plans to complete land reclamation in 2028 and launch terminal operations in the mid-2030s.
The project has received key environmental approvals and the consent of 27 First Nations. The port authority has also signed a memorandum of understanding with Global Container Terminals to explore a joint operating and development agreement for the new terminal.
The estimated capital cost of the expansion is approximately $2 billion to $3 billion. It includes the creation of a new 158-hectare terminal area, expanded rail and road infrastructure, a larger tug basin, and supporting marine facilities.
