The Port of Vancouver, which as a crown corporation is a federal government entity, keeps claiming that its proposed Roberts Bank Terminal 2 (RBT2) project will not be funded by taxpayers.
Since the launch of the Government of Canada’s National Trader Corridors Fund (NTCF) in 2017, the Port of Vancouver has received more than $314 million dollars to support 15 projects through this federal government program. This represents 13% of the 115 NTCF projects and 12% of the $2.6 billion in NTCF funding. See chart below.
Why will the Port of Vancouver’s Roberts Bank Terminal 2 project be any different and not require federal government funding?
Fortunately, there is a better solution for West Coast container terminal capacity that will in fact be fully-funded by private investment.
Learn more by watching this short video.
NAME OF PROJECT |
APPLICANT |
WORK BEING DONE |
FEDERAL FUNDING |
Annacis
Auto Terminal Optimization |
Vancouver
Fraser Port Authority |
Consolidating
two existing auto terminal operations within the Port of Vancouver into one |
$42,700,000 |
Area
V Initiative Project |
Vancouver
Fraser Port Authority |
Preparation
of an undeveloped 40-acre parcel land within the Fraser Richmond Industrial
Lands for the handling and storage of empty containers. |
$4,085,928 |
Burrard
Inlet Road and Rail Improvement Projects |
Vancouver
Fraser Port Authority |
Building:
a 600 metre, 2-lane elevated structure |
$67,600,000 |
Container
Examination Visibility System |
Vancouver
Fraser Port Authority |
Development
and implementation of technology for the management of containers flagged for
inspection. |
$2,400,000 |
Fraser Surrey Port Lands Transportation Improvements |
Vancouver
Fraser Port Authority |
Improving
the fluidity and safety of road and rail traffic operations to support
container, forest products, steel and logistics activities |
$12,200,000 |
Gateway
Transportation Collaboration Forum (GTCF) Secretariat Fund |
Vancouver
Fraser Port Authority |
Support
ongoing work of the Gateway Transportation Collaboration Forum Secretariat,
which brings together a number of governmental and private organizations to
identify gateway infrastructure priorities in Metro Vancouver. |
$2,500,000 |
Harris
Road Underpass and Kennedy Road Overpass |
Vancouver
Fraser Port Authority |
Building:
a rail siding to support the Canadian Pacific Railway Vancouver Intermodal
Facility |
$48,800,000 |
Mountain
Highway Underpass |
Vancouver
Fraser Port Authority |
Lowering
the northbound lane of Mountain Highway to give enough clearance for
oversized cargo to pass under the existing Canadian National Railway
structure |
$3,800,000 |
North
Shore Corridor Capacity Improvement |
Vancouver
Fraser Port Authority |
Upgrading
the Thornton Rail Tunnel |
$76,900,000 |
Pitt
River Road and Colony Farm Road Rail Overpasses Project |
Vancouver
Fraser Port Authority |
Developing
engineering designs to: separate the road and railway corridors by raising
both Pitt River Road and Colony Farm Road to pass over the Canadian Pacific
Railway |
$2,100,000 |
Portside
Blundell Overpass and Upgrade |
Vancouver
Fraser Port Authority |
Alleviating
the existing traffic congestion issues caused by the high traffic volumes in
the Portside/Blundell corridor |
$39,400,000 |
Short
Sea Shipping - Concept Development |
Vancouver
Fraser Port Authority |
Evaluating
the viability of short sea shipping in Greater Vancouver |
$1,600,000 |
South
Shore 3rd Main Line: Engineering Study |
Vancouver
Fraser Port Authority |
Development
of a plan for capacity improvements along a segment of rail that links
Canadian Pacific's intermodal and rail yards in Metro Vancouver with grain
and container terminals in the Port of Vancouver's South Shore Trade Area. |
$2,500,000 |
West
Coast Supply Chain Visibility System |
Vancouver
Fraser Port Authority |
Developing
a series of operational planning and optimization tools to improve the
fluidity, resiliency, and usage of the supply chain capacity across western
Canada |
$6,500,000 |
Westwood
Street and Kingsway Avenue Grade-Separations Project |
Vancouver
Fraser Port Authority |
Developing
engineering designs for 2 grade separations: the Canadian Pacific Railway
Cascade Subdivision at Westwood Street |
$1,100,000 |
|
TOTAL |
$314,185,928 |