The Vancouver Fraser Port Authority (VFPA) has put forward and selected its own expansion proposal, RBT2, a new 164-hectare terminal island, built out in the ocean, over potentially important crabbing grounds.

Global Container Terminals has been trying, without success, to get the Vancouver Fraser Port Authority to review its proposal for GCT Deltaport that seeks to add capacity at Roberts Bank by expanding the existing terminal footprint incrementally. The project would deliver an estimated 2 million TEUs of new capacity through the addition of a fourth berth (DP4).

"We wanted the VFPA, our regulator and landlord, to give fair consideration to a less expensive, less risky to taxpayers, and more environmentally-conscious alternative, which they failed to do, choosing instead to reject our project out of hand," said Doron Grosman, President and CEO of Global Container Terminals.

"The expansion at Roberts Bank is important to the success of the Pacific Gateway and Western Trade corridors, and, therefore, to the future of the region, the province, and the country. It carries high stakes for the environment, local communities, workers, and Indigenous peoples. It's too important a decision to leave to the officials of the Port Authority and needs government to weigh in on it. A fair assessment and transparent review process, which is all we are asking for, will lead to a better Deltaport for all of us," added Mr. Grosman.

About the Canadian Deltaport Project

The Canadian Deltaport Project is Global Container Terminals' smart, phased and environmentally-conscious plan to provide needed port capacity at Roberts Bank in Delta through the addition of a fourth berth (DP4).

Website: www.betterdeltaport.ca

About GCT Global Container Terminals

GCT Global Container Terminals Inc. is headquartered in Vancouver, B.C. and operates two container terminals in the Lower Mainland, GCT Deltaport and GCT Vanterm, along with two additional leading facilities on the East Coast of North America.

The company is majority Canadian-owned and is the largest maritime employer in Canada and one of North America's leading terminal operators.

Global Container Terminals is recognized as one of the most environmentally-responsible operators, with a track record of successful and sustainable expansion delivery. GCT's "Global Commitment" to responsible operations has been recognized with multiple certifications and green awards from Green Marine, Climate Smart, Clean50, Delta Chamber of Commerce, CN EcoConnexions Sustainable Partner program, and many others.

Website: www.globalterminals.com

SOURCE GCT Global Container Terminals Inc

For further information: Louanne Wong, Global Container Terminals, 604-267-5102, [email protected]; Keelan Green, Prospectus Public Affairs, 613-220-2016, [email protected]