DP World completes acquisition of Fraser Surrey Docks
DP World announced that it has completed the acquisition of Fraser Surrey Docks from Macquarie Infrastructure Partners (MIP) alongside its partner Caisse de dépôt et placement du Québec (CDPQ).
Fraser Surrey Docks was founded in the early 1960s and has become the largest modern and multi-purpose terminal on the West Coast of North America. It operates more than 1,200 meters of berth, 189 acres of yard and is one of the region's major steel import terminals. It moves approximately one million tonnes of agriproducts annually and serves several container lines, handling over 350,000 TEU in 2019.
DP World has been a significant investor in Canada. As the operator of three terminals on Canada's West Coast, the company provides a key gateway between Asia and the Pacific North West and looks forward to Fraser Surrey becoming the leading stevedore and general cargo operator in Canada.
Country updates
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February 24, 2020
CTS delays launching of multibillion Eglinton Crosstown LRT project in Ontario
Crosslinx Transit Solutions released a statement that the launching of the Eglinton Crosstown light railway project will be delayed until 2022. CTS has started the development of the proje...
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February 18, 2020
USD 1.2bn LRT project tender results under review in Canada
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February 17, 2020
MOU for USD 1.2bn hydro-fibre project in Canada
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February 14, 2020
Financial close on CAD 967m bridge PPP project in Canada
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February 10, 2020
Public open houses on the Ontario Line PPP project in Toronto
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