VFPA indicates two-phases for Robert Bank 2

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The Vancouver Fraser Port Authority plans to select a contractor within the next two years to construct the landfill for the Roberts Bank Terminal 2 (RBT2) project, which is estimated to cost over C$3 billion (US$2.25 billion) and capable of handling 2.4 million TEUs. The landfill work will begin before a terminal operator is chosen given the complexity of constructing a large container terminal on reclaimed ocean property. The Port of Vancouver plans to work with the government and private sector to develop a financing plan and recover its investment through rent paid by the new terminal for a predefined term. The port authority plans to select a terminal operator to construct the above-grade infrastructure several years after selecting a contractor for the landfill, with completion projected between 2030 and 2032.

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