Latest news with #PortExpansion
Bloomberg
10-07-2025
- Business
- Bloomberg
Canada's Top Port Seeks Builder to Add 70% Capacity in Asia Trade Push
The Port of Vancouver, Canada's main trade gateway to Asia, kicked off the search for a company to build a new wharf to handle 70% more cargo, as the country looks for ways reduce economic reliance on the US. The work is expected to cost at least C$3 billion ($2.2 billion), Victor Pang, the port's chief financial officer, said in a phone interview. The Roberts Bank Terminal 2 Project has been in the works for more than a decade, but the port's move to send out a request for qualifications to build it shows that it's moving ahead.
BBC News
15-05-2025
- Business
- BBC News
Port of Tilbury could expand by 100 acres under new plan in Essex
Plans have been submitted to expand the Port of Tilbury by 100 acres (40ha) in work on the north bank of the Thames estuary could begin in 2026, with owner Forth Ports hoping it would be operational by executive Stuart Wallace said it was an "exciting time" for the port, which could bring trade, investment and sent to Thurrock Council showed the Tilbury3 (T3) project would focus on brownfield land that once housed a power station. The area of land that could be developed is equivalent in size to 70 football Ports said T3 would benefit from tax breaks due to its designation as as part of the Thames Freeport where normal tax and tariff rules do not proposals suggested it could accommodate warehouses, container handling infrastructure and vehicles. "This is an exciting time for the Port of Tilbury as we submit our plans for Tilbury3," Mr Wallace said."T3 will sustain existing roles and create many new jobs, contribute to the local economy and future-proof the Port of Tilbury in supporting the economies of Greater London and the south-east."The company said it would create habitats for protected species in the area during the planned to submit a detailed planning application if outline approval was granted. Follow Essex news on BBC Sounds, Facebook, Instagram and X.
