Vancouver Fraser Port Authority has selected TerraMarine as preferred proponent for the principal marine package at Roberts Bank Terminal 2. The progressive design-build scope covers the marine landmass, three-berth wharf and berth pocket, widened causeway, expanded tug basin and selected environmental mitigation. TerraMarine now enters planning and contract negotiations; the authority says a target-price agreement would follow sufficient initial work and financial close. Canada's live permit dashboard separately lists one authorization required before construction: the Fisheries Act authorization remains in progress, with 0 of 1 permits completed and no decision date.
Project signal
Design in Canada
Current statusTerraMarine is preferred proponent; contract negotiations, an in-progress Fisheries Act authorization and development work precede any target-price design-build agreement, financial close or mobilisationSource confidenceConfirmed
Location
Canada / Americas
Segment
Port infrastructure
Status
TerraMarine is preferred proponent; contract negotiations, an in-progress Fisheries Act authorization and development work precede any target-price design-build agreement, financial close or mobilisation / Confirmed
Last checked
10 August 2026
Coverage
Related sectors
Port infrastructure is the primary work classification. Related sectors connect this record to adjacent marine delivery and market coverage.
Subject index
Related subjects
These subject pages bring together related projects, technical articles, reports, and evidence methods.
Project anatomy
Contract scope and delivery roles
Client / authority
Vancouver Fraser Port Authority
Delivery parties
TerraMarine, preferred proponent: FlatironDragados Canada, Van Oord Canada, Aecon Constructors and Carlson Construction Group, Arcadis Professional Services Canada, supported by Stantec, TYPSA and Tetra Tech Canada
Contract route
Competitive progressive design-build procurement with a target-price model. The authority issued the RFQ in July 2025, shortlisted three teams in November and received proposals in late May 2026. TerraMarine was named preferred proponent on 13 July 2026, subject to final contract negotiations. The authority intends to award a target-price design-build agreement only after the initial work has advanced sufficiently and financial close has occurred.
Execution window
The authority places financial close, construction mobilisation and early works in late 2027, followed by land reclamation from 2028 and terminal operations in the mid-2030s. These are current targets, not achieved milestones or an executed construction baseline.
Works package
Deliver the marine landmass; three-berth wharf structure and berth pocket; widened Roberts Bank causeway; expanded tug basin; and selected environmental mitigation and offsetting works for a terminal planned on approximately 320 acres of new industrial land
Marine interfaces
The package joins reclamation and berth-pocket formation to a new wharf, live deep-water navigation, tug access, the existing Roberts Bank causeway and adjacent Deltaport and Westshore operations. Federal approval carries 370 legally binding conditions, the provincial certificate adds enforceable construction and environmental-management requirements, and the current federal dashboard keeps the Fisheries Act authorization open before construction.
Commercial evidence boundary
TerraMarine has preferred-proponent status, not a signed target-price design-build contract. The public release does not disclose a target price, final contract value, financial-close terms or notice to proceed. The current federal permit dashboard records 0 of 1 completed and no Fisheries Act authorization decision. The separate memorandum with Global Container Terminals is an exploration of a future operating and development agreement, not a terminal concession or operator award.
Project timeline
Material developments
Dated events that changed scope, counterparties, delivery, commissioning or operating status.
Current federal dashboard keeps the Fisheries Act authorization open
The monthly IAAC dashboard lists one construction-enabling authorization, records 0 of 1 completed and shows no decision date. Its 89% display is elapsed target-window time, not permit or construction progress.
Canada referred the Port of Vancouver Gateway Strategy to the Major Projects Office
The federal record places RBT2 within the wider gateway strategy and describes the project as well advanced in regulatory and project planning. Referral does not replace the target-price agreement, financial close, permits or construction evidence.
TerraMarine became preferred proponent for the landmass and wharf package
The selection identifies the construction and design team and starts collaborative planning and negotiations. The authority says the target-price agreement follows sufficient initial work and financial close.
British Columbia issued its environmental assessment certificate
The provincial certificate added 16 legally enforceable conditions after the federal approval. It did not authorize the site to be reported as under construction.