Feb 26 | 2020
(Americas) Growing Demand for Multipurpose Facilities
Terminal operator DP World has acquired Fraser Surrey Docks, the largest multipurpose deep-sea marine terminal on the West Coast of North America.
Located in Vancouver and featuring more than 1,200 meters of berth, the site is a major breakbulk hub and moves about 1 million tonnes of agriproducts annually. DP World acquired the asset from Macquarie Infrastructure Partners alongside partner Caisse de dépôt et placement du Québec (CDPQ).
"The acquisition of Fraser Surrey Docks bolsters our footprint in the west coast of Canada. DP World has been seeing growing demand from our customers for multipurpose facilities in the region, and we believe Fraser Surrey Docks has the relevant infrastructure and is in the right location to service this demand,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
The acquisition is part of a partnership with CDPQ that aims to create a US$3.7-billion platform to invest in ports and terminals worldwide.
Located in Vancouver and featuring more than 1,200 meters of berth, the site is a major breakbulk hub and moves about 1 million tonnes of agriproducts annually. DP World acquired the asset from Macquarie Infrastructure Partners alongside partner Caisse de dépôt et placement du Québec (CDPQ).
"The acquisition of Fraser Surrey Docks bolsters our footprint in the west coast of Canada. DP World has been seeing growing demand from our customers for multipurpose facilities in the region, and we believe Fraser Surrey Docks has the relevant infrastructure and is in the right location to service this demand,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
The acquisition is part of a partnership with CDPQ that aims to create a US$3.7-billion platform to invest in ports and terminals worldwide.
