Friday, September 6, 2013

Port Metro Vancouver Investing in Infrastructure Improvements

The Canadian government on Sept. 4 announced more than $100 million infrastructure investments aimed at improving efficiency at Port Metro Vancouver.

“Our government's top priority remains the economy and creating jobs, growth and long-term prosperity in every region of Canada,” International Trade Minister Ed Fast said in a statement released by the port. “That’s why I am proud to announce our government's investment which will help increase our exports to new markets by moving goods, services and people in a more effective manner.”

The investments are also expected to facilitate Metro Vancouver’s trade and investment ties to fast-growing Asia-Pacific markets, Fast said. Canada’s west coast ports, according to the federal government, are more than two days closer to Asian markets than any other ports in North America, a point the port and government have been making to potential customers.

The combined investment from the national government and port totals almost $106 million; an investment of about $50 million is being made in two new marine container examination facilities to meet the anticipated growth in container volume through Deltaport, British Columbia.

The Roberts Bank facility, located at the east end of the Deltaport causeway on the Tsawwassen First Nation Industrial Lands, is expected to open in the summer of 2015; the Burrard Inlet facility is scheduled to open in the fall of 2015.

The facilities are planned to help reduce processing times, which would therefore result in savings for Canadian businesses, while reducing air and noise pollution.

Once operational, the Robert Banks facility could reduce travel time and related emissions by a factor of 10, Port Metro Vancouver President and CEO Robin Silvester said.

Since 2006, Canada’s federal government has invested $1.4 billion into Asia-Pacific Gateway infrastructure projects, while provincial and municipal governments, as well the private sector, have spent an additional 2.5 billion.