Location
Canada / Americas
Project record
Roberts Bank Terminal 2 landmass and wharf
Vancouver Fraser Port Authority; 2015 planning rendering via Impact Assessment Agency of Canada
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.
Segment
Port infrastructure
Status
TerraMarine is preferred proponent; contract negotiations and development work precede any target-price design-build agreement, financial close or mobilisation / Confirmed
Evidence reviewed
18 July 2026
Controlled taxonomy
Related sectors
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Knowledge context
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Project anatomy
Scope, counterparties, and execution logic
- 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, while the provincial certificate adds enforceable construction and environmental-management requirements.
- Commercial read
- 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 separate memorandum with Global Container Terminals is an exploration of a future operating and development agreement, not a terminal concession or operator award.
- Next milestone
- Finalized negotiations and a defined collaborative-development arrangement, followed by financial close and an executed target-price design-build agreement
Material change register
What changed, when, and what it proves
Only source-bound events that alter phase, scope, counterparties, delivery, completion, commissioning, or acceptance are listed. A change can advance the record without proving the next gate.
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.
Read controlling sourceTerraMarine 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.
Read controlling sourceBritish 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.
Read controlling sourceFederal approval imposed 370 legally binding conditions
The decision statement approved the three-berth terminal, widened causeway and expanded tug basin subject to a substantial compliance programme.
Read controlling sourceDelivery watch
Evidence needed next
Finalized negotiations and a defined collaborative-development arrangement, followed by financial close and an executed target-price design-build agreement
Decision watchpoints
- Completion of contract negotiations with TerraMarine
- Scope and terms of the initial collaborative development work
- Financial close and executed target-price design-build agreement
- Final design for the landmass, wharf, berth pocket, causeway and tug basin
- Outstanding fisheries authorization and project-specific permit conditions
- Construction logistics, material sources, reclamation and dredged-material routes
- Marine mobilisation and early works now targeted for late 2027
- Land reclamation start now targeted for 2028
- As-built berth pocket, tug basin, wharf and causeway acceptance
- Terminal concession, operator agreement and opening in the mid-2030s
Project availability status
This public project page is a tracked market record rather than a tender notice, contractual commitment, or commercial instruction. Use the status, confidence label, evidence-review date, and source note together when judging how much weight to place on the signal.
Read featured analysis Review methodology Submit stronger evidence or a correction Open project trackerSource record
The Vancouver Fraser Port Authority's 13 July 2026 release controls the preferred-proponent status, team, marine package, procurement history and stated delivery targets. Its body says selection remains subject to final contract negotiations and that the target-price agreement follows initial work and financial close; those qualifications control over the release subtitle's broader contract-award wording. Canada's 16 July Gateway Strategy record provides the 320-acre, three-berth planning baseline and confirms that RBT2 remains in regulatory and project planning. Federal and provincial decisions establish approvals and conditions, not construction progress. The lead image is the authority's 2015 planning rendering reproduced in the official environmental impact statement; it is not a photograph of current works.
Phase: design. Evidence reviewed: 18 July 2026.
Project sources 5
- Preferred construction partner selected for Roberts Bank Terminal 2 Project Vancouver Fraser Port Authority via GlobeNewswire, 13 July 2026
- Port of Vancouver Gateway Strategy Government of Canada, Major Projects Office, 16 July 2026
- Minister's Environmental Assessment Decision Statement Impact Assessment Agency of Canada, 20 April 2023
- Provincial environmental assessment certificate granted for Roberts Bank Terminal 2 Government of British Columbia, 28 September 2023
- Roberts Bank Terminal 2 Project Environmental Impact Statement Executive Summary Vancouver Fraser Port Authority / Impact Assessment Agency of Canada, March 2015