VANCOUVER
The Canadian government has pledged US$497m for infrastructure to improve traffic flow through its west coast ports.
International operator Hutchison Port Holdings, already with port interests in Mexico, is one party known to be looking at new port development together with various logistics operators in order to establish “cargo pipelines” into the US.
Meanwhile, Vancouver Port Authority and TSI Terminal Systems have agreed to enter into a 50-year operating lease for a proposed expansion of Deltaport container operations. A third berth will increase container capacity there by 50% and is expected to be completed by 2009 at a cost of US$240m. The final go-ahead is expected early next year, after the project passes an environmental and regulatory review.