The Vancouver Fraser Port Authority (VFPA) and GCT Global Container Terminals (GCT) have signed a Memorandum of Understanding (MoU) to explore a potential partnership to advance the Roberts Bank Terminal 2 (RBT2) project at the Port of Vancouver.
The agreement sets out a structured process for information sharing and good-faith negotiations, with the aim of reaching a Joint Development Agreement for the proposed container terminal expansion.
The RBT2 expansion is intended to increase container capacity, improve resilience across logistics networks, and support long-term trade competitiveness.
Under the MoU, VFPA and GCT will work exclusively over a one-year period to assess potential synergies, including GCT’s operational expertise as a possible terminal builder and operator.
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The process will evaluate technical delivery capability, commercial structure and long-term operational performance.
During this period, VFPA will continue to lead development of the RBT2 landmass, while retaining responsibility for permitting and engagement with Indigenous communities.
As part of the agreement, GCT Global Container Terminals will withdraw its application to the Major Project Office for the separate Deltaport Berth 4 (DP4) expansion and redirect its focus towards the RBT2 project.
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Peter Xotta, President and Chief Executive Officer of the Vancouver Fraser Port Authority, said: “Increasing container capacity is essential to Canada’s ability to compete, grow and trade with the world. This is an exciting time for the Roberts Bank Terminal 2 Project with procurement underway and a landmass construction partner to be selected this summer. This MoU moves us into planning for the next stage of project delivery with an opportunity for partnership with a Canadian-owned operator with a strong track record of delivery in Port of Vancouver.”
Eric Waltz, President and Chief Executive Officer of GCT Global Container Terminals, stated: “GCT has a long history of driving growth at the Port of Vancouver. Strong, reliable trade infrastructure is fundamental to Canada’s economic strength, and we are excited to work alongside the VFPA to explore how our operational expertise and long-term investment capacity can contribute to the successful delivery of RBT2.”
The MoU marks a coordinated step towards structuring delivery of one of Canada’s largest planned container infrastructure projects, with both parties aligning on a potential long-term development and operating framework.
For more information:
Vancouver Fraser Port Authority – https://www.portvancouver.com/
