Port Metro Vancouver

Port Metro Vancouver

Port Metro Vancouver

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Description:
Port Metro Vancouver (legally Vancouver Fraser Port Authority) is a non-shareholder, financially self-sufficient corporation, established by the Government of Canada in January 2008, pursuant to the Canada Marine Act, and accountable to the federal Minister of Transport. It is the principal authority for shipping and port-related land and sea use in the Metro Vancouver region. Port Metro Vancouver is the largest port in Canada and fourth largest tonnage port in North America.

History

Prior to merger

Prior to the formation of the new authority, there were three separate port authorities in the Metro Vancouver region: the Port of Vancouver, which was the largest port in Canada; the Fraser River Port Authority; and the North Fraser Port Authority.

Although the ports were financially self-sufficient, the federal legislation governing the authorities generated some inefficiency because the port authorities, legally separate entities, were forced to compete with each other economically for business. This inefficiency came to the attention of the local media in 2006 when it was found that the recently expanded Fraser Surrey Docks, operated by the Fraser River Port Authority in New Westminster, were sitting idle after their principal shipping partner, CP Ships, relocated to the Port of Vancouver, already nearing capacity. Container docks in Surrey idle after $190m expansion - The......
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