DP WORLD Completes AED 954 Million Vancouver Port Expansion
DP World and the Vancouver Fraser Port Authority have celebrated two historic events – the completion of the Centerm Expansion Project at DP World Vancouver, and the 100th anniversary of the port’s marine terminal operations.
These two events highlight British Columbia’s (BC) ongoing leadership in sustainable trade, technological innovation, and introducing Canadian goods to new markets supported by partners such as DP World in Canada.
The 100-year anniversary marks an opportunity to celebrate the ongoing commitment of DP World employees, the ILWU (International Longshore and Warehouse Union) – with over 10,000 longshore and foremen employees having worked for DP World in BC over the past 20 years – handling over 20 million loaded twenty-foot equivalent units (TEUs). Along with its partners, DP World is making the global supply chain more resilient, establishing Canada’s leadership in sustainable trade and exporting Canadian goods to global markets.
DP World continues to support and advance the long-term growth of Canada’s ports and terminals, including the Port of Vancouver, through new technologies and commitment to innovation and sustainable trade infrastructure. As the country’s gateway to over 170 trading economies around the world, Vancouver handles one in every $3 of Canada’s trade in goods outside of North America.
This enables the trade of approximately $305 billion in goods, while the port’s activities sustain 115,300 jobs, $7 billion in wages, and $11.9 billion in GDP across Canada.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “The 100th anniversary of terminal operations on the west coast is a wonderful opportunity to celebrate Canada’s rich maritime and port history and look ahead to a future that includes DP World’s industry-leading technology and innovation in supply chains. It’s also a chance for us, along with our employees and partners, to celebrate a responsible, sustainable, strategic approach to managing Canada’s network of ports and terminals.”
Centerm Expansion Project
DP World and the Vancouver Fraser Port Authority also marked the completion of the Centerm Expansion Project, an AED 954 million (CAD$350 million) award-winning project to increase throughput by 60% and position British Columbia as a leader in sustainable trade.
The newly expanded terminal can now handle 1.5 million TEUs a year, compared to 900,000 TEUs previously, while adding 15% to the terminal’s overall footprint.
The project reduces the terminal’s environmental impact by adding capacity for container ships to connect to electrical shore power and converting its diesel yard cranes to electric. It further reduces greenhouse gas emissions by eliminating wait times for vehicles at train crossings and building to LEED and Envision certification sustainability standards.
“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,” Bin Sulayem said. The expansion was completed by Centennial Expansion Partners (CXP).
DP World has committed to investing US$500 million globally over the next five years to help cut its carbon emissions by 700,000 tonnes to become a net-zero carbon enterprise by 2050.
Vancouver Fraser Port Authority also completed the South Shore Access Project earlier this month in partnership with the Government of Canada and with funding from the National Trade Corridors Fund. The final part of the South Shore Access Project, including upgrades to Waterfront Road and the removal of road and rail conflicts in the area to connect terminals directly to the Trans-Canada Highway are now complete.
Robin Silvester, President and Chief Executive Officer, of Vancouver Fraser Port Authority, said: “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”.
He added: “As recent years have shown, a robust container sector is critical for Canadian exports and for reliable access to the goods Canadians depend on every day from markets around the world—and these projects represent an important piece of the puzzle when it comes to enabling Canadian trade. We’d like to thank our project partners including DP World and the federal government for their support and collaboration, as well as the local community and south shore tenants for their patience and understanding during construction.”