APMT venture named preferred bidder for Vancouver terminal project
The Vancouver Fraser Port Authority has selected a joint venture between container terminals operator APM Terminals North America and engineering and construction group SNC-Lavalin as the preferred bidder for a new box terminal at the Canadian port.
The Terminal 2 Project is designed to expand container capacity at Roberts Bank by adding a new three-berth facility. The schedule for the project is yet to be determined. The process of negotiating an agreement between the parties is expected to take four to six months.
Meanwhile, APM Terminals, which is part of the Danish A.P. Moller – Maersk Group, has agreed to sell its 20 percent share in Qasim International Container Terminal Pakistan Ltd. (QICT) to Dubai Ports World, the operator and majority shareholder of the Karachi, Pakistan facility.
APM Terminals declined to give the price and terms, or reason for the sale.