DP World, in conjunction with the Vancouver Fraser Port Authority, recently commemorated two significant milestones: the successful completion of the Centerm Expansion Project at DP World Vancouver and the momentous centenary celebration of the port's marine terminal operations.
These events underscore British Columbia's persistent leadership in sustainable trade, technological innovation, and the facilitation of Canadian exports to emerging markets with the unwavering support of partners like DP World in Canada.
The 100-year anniversary signifies a time to honor the steadfast dedication of DP World's employees and the International Longshore and Warehouse Union (ILWU), with over 10,000 skilled longshore and foremen personnel having served DP World in British Columbia over the past two decades. Their collective efforts have facilitated the handling of over 20 million loaded twenty-foot equivalent units (TEUs), making the global supply chain more resilient and solidifying Canada's position as a sustainability-oriented trading leader with an extensive reach into global markets.
DP World remains committed to fostering the long-term growth of Canada's ports and terminals, including the esteemed Port of Vancouver. By deploying cutting-edge technologies and prioritizing innovation and sustainable trade infrastructure, DP World continues to strengthen the country's gateway to over 170 trading economies worldwide. Notably, Vancouver handles a remarkable one-third of Canada's trade in goods outside of North America, with an estimated value of approximately $305 billion. The port's activities provide gainful employment to 115,300 individuals, contribute $7 billion in wages, and bolster Canada's GDP by $11.9 billion.
Centerm Expansion Project
Furthermore, DP World and the Vancouver Fraser Port Authority proudly announced the completion of the Centerm Expansion Project. This remarkable endeavor, with an investment of AED 954 million (CAD$350 million), has augmented the terminal's throughput capacity by an impressive 60%, propelling British Columbia to the forefront of sustainable trade practices.
With its expanded capabilities, the Centerm terminal can now handle 1.5 million TEUs annually, a significant increase from its previous capacity of 900,000 TEUs. Moreover, the expansion project has expanded the terminal's footprint by 15%.
The Centerm Expansion Project embraces sustainable practices by enabling container ships to connect to electrical shore power, reducing the terminal's environmental impact. The transition from diesel-powered yard cranes to electric alternatives further diminishes greenhouse gas emissions. Notably, the project eliminates vehicle wait times at train crossings and adheres to rigorous sustainability standards, such as LEED and Envision certification.
South Shore Access Project
In another noteworthy achievement, the Vancouver Fraser Port Authority recently concluded the South Shore Access Project, a collaboration with the Government of Canada and funding from the National Trade Corridors Fund. The final phase of the project involved upgrading Waterfront Road and eliminating road and rail conflicts in the area to establish direct connections between terminals and the Trans-Canada Highway.
