TerraMarine JV selected for Roberts Bank Terminal 2 landmass and wharf work

Industry
โดย World Construction Network·Read original
Summary · why it matters

The Vancouver Fraser Port Authority has selected the TerraMarine joint venture as the preferred proponent for the landmass and wharf infrastructure component of the Roberts Bank Terminal 2 Project in Delta, British Columbia. The multi-billion-dollar expansion is expected to increase container capacity on Canada's West Coast by more than 30% through construction of a new three-berth marine container terminal, a 1,300-metre wharf, and widening of the causeway. The joint venture, led by FlatironDragados and including Van Oord, Aecon and Carlson Construction Group, was chosen through a competitive procurement process that began with a request for qualifications in July 2025, shortlisted three teams in November 2025, and received proposals in May 2026 under independent fairness monitor oversight. Subject to contract negotiations, TerraMarine is expected to sign a design and early works agreement in the third quarter of 2026, with a design-build agreement anticipated in early 2028 and construction starting the same year, targeting completion in early 2034 and terminal operations in the mid-2030s. The port authority says the project will unlock more than C$100 billion in annual trade capacity and contribute over C$3 billion annually to Canada's GDP.

Impact on stocks 0

Off-coverage companies 4

Aecon Group Inc.Private▲ Positive
Demandrelevance

Aecon is part of the TerraMarine JV selected as preferred proponent for the landmass and wharf work on the Roberts Bank Terminal 2 project.

Carlson Construction GroupPrivate▲ Positive
Demandrelevance

Carlson Construction Group is part of the TerraMarine JV selected as preferred proponent for the landmass and wharf work on the Roberts Bank Terminal 2 project.

Van OordPrivate▲ Positive
Demandrelevance

Van Oord is part of the TerraMarine JV selected as preferred proponent for the landmass and wharf work on the Roberts Bank Terminal 2 project.

FlatironDragados Canada, Inc.Private± Mixed
relevance

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