The administrative and operations aspects of three seaports in lower British Columbia are being merged into one operation.
The new operation will be called the Vancouver Fraser Port Authority and will combine the port authorities for Vancouver, Fraser River and North Frazer. Proponents say the merger will lead to coordinated port planning and more combined clout for attracting business.
“With the Vancouver Fraser Port Authority now a reality, another key building block of the Asia-Pacific Gateway is falling into place,” David Emerson, minister of international trade and minister for the Pacific Gateway and the Vancouver-Whistler Olympics, stated in a press release.
“The amalgamation will allow us to better leverage this important asset and make it a preferred port of call for shippers from Asia.”
Vancouver is Canada’s largest port and handles more than $40 billion worth of goods each year and generates an estimated 30,000 jobs.