Tuesday, July 14, 2026
The Vancouver Fraser Port Authority announced it has selected TerraMarine as the preferred proponent for the landmass and wharf component of the Roberts Bank Terminal 2 Project.
Roberts Bank Terminal 2 is a future marine container terminal at the Port of Vancouver that will increase container capacity on Canada’s west coast by more than 30 per cent, unlocking more than $100 billion in annual trade capacity, contributing over $3 billion annually to Canada’s GDP, and supporting tens of thousands of jobs.
“As we advance the Roberts Bank Terminal 2 Project, selecting a highly qualified construction partner is a major step forward,” said Peter Xotta, president and CEO, Vancouver Fraser Port Authority. “Canada has set a bold target to double non-U.S. exports in the next decade, and Roberts Bank Terminal 2 is critical to achieving that goal. Built by Canadians, for Canadians, the project will combine strong Canadian construction expertise with global experience, use Canadian products, and create tens of thousands of jobs. With a proven track record delivering complex infrastructure across the gateway, the port authority is well positioned to deliver this project and strengthen Canada’s export capacity.”
The TerraMarine consortium is comprised of:
- FlatironDragados Canada, Inc.
- Van Oord Canada Ltd.
- Aecon Constructors, a division of Aecon Construction Group Inc.
- Carlson Construction Group Inc.
- Supported by design firm Arcadis Professional Services Canada Inc. and sub-consultants Stantec Consulting Ltd., TYPSA Inc., and Tetra Tech Canada Inc.
The construction contract involves the delivery of a marine landmass; wharf structure and berth pocket; widened causeway; expanded tug basin; and select environmental mitigation and offsetting projects.
The Roberts Bank Terminal 2 project is No. 30 on ReNew Canada’s 2026 Top100 Projects report.
As part of a competitive selection process for the landmass and wharf component of the project, the port authority selected a progressive design-build procurement with a target price model, which allows for greater flexibility in the design process, strengthens collaboration, and enhances cost and schedule certainty.
“The Roberts Bank Terminal 2 project is a priority nation-building undertaking that will enhance trade resilience, build critical capacity and support economic security, while delivering lasting national and local benefits,” said Jean-Louis Servranckx, president and CEO, Aecon Group Inc. “We look forward to expanding our relationship working with the Vancouver Fraser Port Authority alongside our partners under the collaborative design-build model.”
“Being selected as the preferred proponent for Roberts Bank Terminal 2 is a tremendous honor and reflects the strength of our team and partners. We look forward to collaborating closely with the Vancouver Fraser Port Authority, our construction partners, Indigenous Nations and other stakeholders to deliver a project that will provide lasting benefits for generations. Roberts Bank Terminal 2 is an investment in Canada’s future, and we are proud to help bring that vision to life” said Javier Sevilla, FlatironDragados, CEO.
A request for qualifications was issued in July 2025. Interested construction teams submitted their qualifications, and, in November 2025, three teams were shortlisted and invited to submit a proposal. The proposals were received in late May 2026 and the project team conducted a comprehensive assessment of the proposals. An independent fairness monitor oversaw the process to ensure the procurement and evaluation was fair, open, and transparent.
TerraMarine will now work with the port authority, First Nations, and regulators to advance construction planning, including logistics, work planning, costs, schedule, early works and sub-contracting opportunities, including for Indigenous-owned businesses.
Once initial work has sufficiently advanced and following financial close, the port authority intends to award a target price design-build agreement to TerraMarine. Financial close, construction mobilization, and early works are set to occur in late 2027, with construction (land reclamation) starting in 2028. Terminal operations are expected to begin in the mid-2030s.
Today’s announcement builds on other key milestones. Roberts Bank Terminal 2 has secured key environmental approvals and has the consent from 27 First Nations, with whom the port authority has mutual benefits agreements in place. Additionally, the port authority and Global Container Terminals, a majority Canadian-owned operator at the Port of Vancouver, have entered into a memorandum of understanding to explore partnership to advance Roberts Bank Terminal 2 with the goal of achieving a joint operating and development agreement.
Featured image: (Vancouver Fraser Port Authority)
