VANCOUVER, B.C. — The three port authorities in the B.C. Lower Mainland will amalgamate to form the Vancouver Fraser Port Authority on Jan. 1.
The consolidation will include the Fraser River, North Fraser and Vancouver port authorities. The feds have issued a “Certificate of Amalgamation”, paving the way for the merger.
The amalgamation falls under the federal government’s Asia-Pacific Gateway and Corridor Initiative.
“We are pleased to receive the confirmation of amalgamation that will allow us to complete the process to become one Canada Port Authority,” said Sarah Morgan-Silvester, Chair, Lower Mainland Port Amalgamation Transition Committee. “We look forward to maximizing our contribution to Lower Mainland communities, and regional and national economies.”
Proponents of the amalgamation say the new port authority will be better positioned to coordinate port planning and develop new investment opportunities that will facilitate the circulation of goods to and from foreign markets.
“With a broader scope and more influence, the Vancouver Fraser Port Authority will be able to further enrich our community partnerships and better commit to improving our levels of customer service,” said Gordon Houston, Chair, Lower Mainland Port Amalgamation Steering Committee. The Vancouver Fraser Port Authority will operate from the three existing port offices located in New Westminster, Richmond and at Canada Place in Vancouver. The VFPA’s 11-member Board of Directors will be announced on January 1, 2008.
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