The Vancouver Fraser Port Authority (VFPA) and GCT Global Container Terminals (GCT) have signed a Memorandum of Understanding (MOU) to explore a partnership to advance Roberts Bank Terminal 2 (RBT2) at the Port of Vancouver, with support from the Major Projects Office. The parties have committed to share information and negotiate in good faith toward a joint development agreement.

A Critical Investment in Canadian Trade Infrastructure

As Canada’s largest port, the Port of Vancouver plays a central role in enabling trade and supporting the national economy. With container demand projected to grow, increasing capacity at the port is seen as essential to improving supply chain resilience and maintaining Canada’s competitiveness in global trade.

The MOU reflects a shared commitment to delivering RBT2 in a coordinated, efficient, and commercially viable manner. As a majority Canadian-owned operator with over a century of experience running container terminals, GCT also operates the nearby Deltaport facility, a factor the port authority says may provide unique synergies for the partnership.

Terms of the Agreement

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

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

As part of the arrangement, GCT has agreed to withdraw its separate application to the Major Projects Office for the Deltaport Berth 4 (DP4) expansion project, redirecting its focus toward the RBT2 opportunity instead.

Leadership Perspectives

Peter Xotta, president and CEO of the Vancouver Fraser Port Authority, described the MOU as a significant step forward for the project. “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,” he said, noting that a landmass construction partner is expected to be selected during the summer.

Eric Waltz, president and CEO of GCT Global Container Terminals, said the company is committed to contributing to Canada’s trade infrastructure. “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,” he said.