Saturday, Sep 19, 2026
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TerraMarine JV to Spearhead $100bn Roberts Bank Terminal 2 Expansion

TerraMarine JV has been selected to lead the Roberts Bank Terminal 2 expansion, a project that will significantly boost Canada's trade capacity. The expansion promises over C$100 billion in annual trade capacity and substantial GDP growth, presenting major opportunities for AECM professionals.

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TerraMarine JV to Spearhead $100bn Roberts Bank Terminal 2 Expansion
IB_KEY_FACTS:[{"stat":"C$100bn","label":"**Annual Trade Capacity**","sublabel":"Roberts Bank Terminal 2 will unlock more than C$100bn in annual trade capacity."},{"stat":"30%","label":"**Increase in Container Capacity**","sublabel":"The expansion will boost container capacity on Canada's West Coast by over 30%."},{"stat":"C$3bn","label":"**Annual GDP Contribution**","sublabel":"The project is expected to contribute over C$3bn annually to Canada's GDP."}]

The Vancouver Fraser Port Authority has appointed TerraMarine Joint Venture (JV) as the preferred contractor for the significant expansion of the Roberts Bank Terminal 2 in Delta, British Columbia. This strategic development is set to enhance container capacity on Canada's West Coast by over 30%, unlocking more than C$100 billion in annual trade capacity.

What Happened
The Roberts Bank Terminal 2 project is a multi-billion-dollar expansion aimed at bolstering Canada's maritime infrastructure. The TerraMarine JV, led by FlatironDragados and including partners Van Oord, Aecon, and Carlson Construction Group, emerged as the preferred choice following a rigorous procurement process. This process commenced with a request for qualifications in July 2025, with three teams shortlisted by November 2025. Proposals were submitted in May 2026, with the entire procedure supervised by an independent fairness monitor.

Upon finalizing contract negotiations, TerraMarine is anticipated to enter a design and early works agreement with the port authority by Q3 2026. The collaborative development phase will lead to a design-build agreement in early 2028, with construction expected to start the same year. The completion of the terminal is targeted for early 2034, with operations slated to begin in the mid-2030s.

The project will involve constructing a new three-berth marine container terminal, developing a 1,300-meter wharf, and widening the existing causeway. The TerraMarine JV's responsibilities include delivering the marine landmass, wharf structure and berth pocket, expanded tug basin, and selective environmental mitigation works.

What This Means for Your Business
For AECM professionals, this project signifies substantial opportunities in terms of contracts and procurement. The progressive design-build procurement model, utilizing a target price approach, ensures flexibility and fosters collaboration, potentially improving cost and schedule certainty. This method may serve as a case study for future projects in terms of risk management and cost efficiency.

Additionally, the project promises to bolster Canada's GDP by over C$3 billion annually and support thousands of jobs, enhancing supply chain reliability and resilience. For businesses involved in international trade, this development could streamline operations and enhance market access through improved infrastructure.

What US Operators Should Watch
Key milestones for this project include the signing of the design and early works agreement by Q3 2026 and the subsequent design-build agreement in early 2028. Construction is slated to begin the same year, with completion expected in early 2034. US operators should monitor these timelines closely, as they may influence procurement strategies and supply chain logistics.

The project's environmental approvals and agreements with 27 First Nations mark critical compliance achievements, showcasing the importance of stakeholder engagement in large-scale infrastructure projects. Operators should also follow the memorandum of understanding with Global Container Terminals, which could present further partnership opportunities.

Source: World Construction Network

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