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Home»Stock Market»TerraMarine JV to lead Roberts Bank Terminal 2 port expansion
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TerraMarine JV to lead Roberts Bank Terminal 2 port expansion

channel1la.comBy channel1la.comJuly 20, 2026No Comments
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TerraMarine JV to lead Roberts Bank Terminal 2 port expansion
The Roberts Bank Terminal 2 will unlock more than C$100bn in annual trade capacity. · World Construction Network · Vancouver Fraser Port Authority
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The Vancouver Fraser Port Authority has selected the TerraMarine joint venture (JV) as the preferred proponent for the landmass and wharf infrastructure component of the Roberts Bank Terminal 2 Project in Delta city of British Columbia.

The multi-billion-dollar expansion is expected to increase container capacity on Canada’s West Coast by more than 30%.

This will be achieved through the construction of a new three-berth marine container terminal, the development of a 1,300m wharf, and the widening of the causeway.

The JV, led by FlatironDragados and including Van Oord, Aecon and Carlson Construction Group, was selected through a competitive procurement process that began with a request for qualifications in July 2025. Three teams were shortlisted in November 2025, with proposals submitted in May 2026. An independent fairness monitor oversaw the process.

Subject to the completion of contract negotiations, TerraMarine is expected to sign a design and early works agreement with the port authority in the third quarter of 2026.

Following the collaborative development phase, a design-build agreement is anticipated in early 2028, with construction set to commence the same year.

Completion is targeted for early 2034, and terminal operations are anticipated to begin in the mid-2030s.

FlatironDragados CEO Javier Sevilla said: “Being selected as the preferred proponent for Roberts Bank Terminal 2 is a tremendous honour 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.”

The port authority reported that Roberts Bank Terminal 2 will unlock more than C$100bn in annual trade capacity and contribute over C$3bn annually to Canada’s GDP, supporting thousands of jobs.

In addition, the project aims to enhance reliability and resilience in the supply chain for businesses moving goods to international markets.

The TerraMarine JV contract will include delivery of the marine landmass, wharf structure and berth pocket, expanded tug basin, widened causeway and selective environmental mitigation works.

The project will be delivered through a progressive design-build procurement using a target price model. This approach is intended to provide flexibility and foster closer collaboration, while improving cost and schedule certainty.

Bank Expansion lead port Roberts terminal TerraMarine
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