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.

The parties will work collaboratively to share information and negotiate in good faith with the goal of achieving a Joint Development Agreement.

“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,” said Peter Xotta, president and CEO, Vancouver Fraser Port Authority.

Under the MOU, VFPA and GCT will work together through a defined process to assess the benefits, synergies, and operational expertise that GCT can contribute as the potential terminal builder and operator. During this one-year period, VFPA will work exclusively with GCT to explore a development and operating arrangement for RBT2.

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

As part of this coordinated 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.