In brief
Canada has listed the Roberts Bank Terminal 2 expansion at the Port of Vancouver as a national‑interest project, promising a 50 % capacity lift and a 5.9 billion‑CAD investment to support up to 100 billion CAD in annual trade, while accelerating the project’s commercial launch to 2035 and aiming for a final investment decision by mid‑2027.
Canada has declared the expansion of Roberts Bank Terminal 2 at the Port of Vancouver a national interest project on Friday, a move designed to strengthen trade infrastructure and reduce dependence on the U.S. market.
The 5.9 billion‑Canadian‑dollar investment is projected to increase the port’s container capacity by about 50 %, adding 2.4 million containers of annual processing capability and supporting up to 100 billion Canadian dollars in trade each year.
Transport Canada said the listing provides regulatory certainty and will speed the project’s commercial operations to 2035, potentially four years ahead of the original schedule. The decision aligns with a broader strategy to double Canada’s exports to non‑U.S. markets by 2035.
According to the federal transport agency, the project is on a viable path to reach a final investment decision by mid‑2027.
The designation marks a clear commitment to accelerating trade growth and underscores the government’s focus on diversifying Canada’s market relationships beyond the United States.