The Vancouver Fraser Port Authority (VFPA) has chosen a joint venture between APM Terminals North America/SNC-Lavalin as the preferred proponent for the new Terminal 2 container terminal project.
The VFPA will negotiate a business agreement as the next step in the selection process. That is expected to take four to six months.
"The partnership of APM Terminals and SNC-Lavalin combines the strengths of both companies to invest, design, construct and operate a world-class terminal that meets VFPA's sustainability objectives," the port authority announced Friday.
Once a business agreement has been negotiated, APM Terminals/SNC-Lavalin will proceed with site planning and environmental assessment prior to submitting an environmental approval application to government.
The project will add a new three-berth container facility at the VFPA's Roberts Bank terminal.
The schedule for Terminal 2 has yet to be determined.