{"id":4122,"date":"2015-04-27T13:56:00","date_gmt":"2015-04-27T12:56:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/coastlink\/2015\/04\/27\/tackling-truckers-head-on\/"},"modified":"2015-04-27T13:56:00","modified_gmt":"2015-04-27T12:56:00","slug":"tackling-truckers-head-on","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/coastlink\/2015\/04\/27\/tackling-truckers-head-on\/","title":{"rendered":"Tackling truckers head on"},"content":{"rendered":"<\/p>\n<p><strong>Terminal 2 needed to meet demand<\/strong><\/p>\n<p>Port Metro Vancouver is pushing ahead with its Terminal 2 development to cement its position as primary hub for Canada\u2019s trade with Asia \u2013 85% of containerised trade through the Canadian West Coast takes place through Port Metro Vancouver.<\/p>\n<p>\u201cAs we project forward, demand is forecast at a 4%-5% compounded growth rate, which effectively means a doubling of trade in the next 15 or so years,\u201d says chief executive Robin Silvester. \u201cCoastwise, we\u2019re currently at about 80%-85% of capacity, so we need new capacity. Terminal 2 is really the only opportunity on the coast to create a significant chunk of that capacity over the next decade.\u201d<\/p>\n<p>DP World\u2019s recent entry into Prince Rupert will not change this situation, he says. \u201cWe were assuming that would happen and we are glad to see that happen because the capacity is needed. If you add together all the capacity additions taking place on the Canadian west coast you get to around1.5m teu \u2013 that capacity will be absorbed within the next six years.<\/p>\n<p>\u201cTerminal 2 presents the only opportunity to create capacity on the scale that the market needs. We\u2019re four years into that project now and it will take another six to seven years to bring it to fruition. There\u2019s nothing else moving forward that would create that amount of capacity.\u201d<\/p>\n<p>Port Metro Vancouver will soon put out the call for a terminal operator to take on the concession for Terminal 2 for which there will likely be a great deal of interest. In addition to the positive growth projections, another attraction is the supporting works that have already been done to connect the terminal to the intermodal networks. A CN$700m infrastructure programme &#8211; kicked off under the banner of the Asia-Pacific Gateway and Corridor Initiative \u2013 saw both the federal and provincial government align around the need to create capacity for Canada in support of its trade with Asia. This \u2018alignment\u2019 led to strategic investment in infrastructure supporting the port as a whole, as well as the planned Terminal 2 development.<\/p>\n<p>\u201cIn terms of T2, this is critical,\u201d says Mr Silvester. \u201cInitially people focus on the supply\/demand balance and the overall business case. Then they tend to focus on the environmental process and the layout of the terminal. But just as important is the ability to get a train from the terminal out on to the main line and heading towards Toronto or Montreal.<\/p>\n<p>\u201cIn the words of one of the operators that came to have a look around last year they said \u2018you have already rolled the red carpet out to where you are going to build the terminal\u2019 \u2013 it\u2019s a great way of encapsulating what we\u2019ve done. We\u2019ve got ourselves in a very good position and we\u2019re pretty excited now to be at the stage of moving out into the terminal operating process.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Port Metro Vancouver knew it had to find a fix for its dysfunctional trucking sector. Carly Fields reports<\/p>\n","protected":false},"author":8,"featured_media":4123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[],"sponsor":[],"class_list":["post-4122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-equipment"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/4122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=4122"}],"version-history":[{"count":0,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/4122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media\/4123"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=4122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=4122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=4122"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=4122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}