DP World Completes Terminal Expansion Project at Port of Vancouver
DP World and the Vancouver Fraser Port Authority have marked the completion of the Centerm Expansion Project, a US $257 million (CAD$350 million) project aimed at boosting British Columbia’s trade efficiency.
The expansion significantly increases the terminal’s throughput capacity by 60%, allowing it to handle 1.5 million twenty-foot equivalent units (TEUs) annually compared to the previous 900,000 TEUs. The terminal’s footprint has also expanded by 15% as part of the project.
One of the key environmental improvements brought about by the expansion is the addition of infrastructure that enables container ships to connect to electrical shore power. The expansion also involved the conversion of the terminal’s diesel yard cranes to electric, reducing its overall environmental impact. In addition, the project has eliminated wait times for vehicles at train crossings, thus reducing greenhouse gas emissions.
Construction was carried out in accordance with LEED and Envision certification sustainability standards.
Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World, said: “This expansion represents a significant investment in the future of international trade, and we are honored to continue to play a vital role in connecting Canadian businesses to markets around the world, while contributing to sustainable economic growth and prosperity for all.”
DP World has made a global commitment to invest $500 million over the next five years to reduce its carbon emissions by 700,000 tonnes, aiming to become a net-zero carbon enterprise by 2050.
In addition to the Centerm Expansion Project, the Vancouver Fraser Port Authority recently completed the South Shore Access Project. This initiative, done in collaboration with the Government of Canada and funded by the National Trade Corridors Fund, involved upgrading Waterfront Road and resolving road and rail conflicts in the area. These improvements now enable terminals to connect directly to the Trans-Canada Highway, thereby enhancing container trade capacity and resiliency at the Port of Vancouver.
Robin Silvester, President and CEO of the Vancouver Fraser Port Authority, emphasized the significance of these projects.
“Expanding the footprint of the Centerm container terminal and improving road and rail links in the area will increase container trade capacity and resiliency at the Port of Vancouver in the near term,” said Silvester.
He also expressed gratitude to the project partners, including DP World and the federal government, for their support and collaboration, as well as acknowledging the patience and understanding of the local community and south shore tenants during the construction period.
The completion of the Centerm Expansion Project comes as the Vancouver Fraser Port Authority is celebrating the 100th anniversary of the port’s marine terminal operations.
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