Vancouver, British Columbia, Nov. 04, 2025 (GLOBE NEWSWIRE) — Global Container Terminals (GCT) today welcomed the federal government's decision Canada Strong Budget 2025 and its commitment to strengthening the nation's trade infrastructure through responsible private sector investment.
“Today’s budget underscores the importance of partnering with industry to build infrastructure that facilitates the trade that drives Canada’s economy,” said Eric Waltz, president of Global Container Terminals. “As a Canadian company focused on sustainable growth, we are encouraged by the direction the Government of Canada has set in the Budget. Our Deltaport Pier 4 (DP4) expansion project is in every way consistent with the vision in today's Budget and is exactly the kind of project Canada needs – home-grown, privately funded and environmentally responsible.”
DP4 is a market-ready expansion of the existing GCT Deltaport terminal that will add up to two million TEU of new container capacity. The project supports Canada's trade diversification goals, advances GCT Net Zero commitments and minimizes environmental impacts. The advancement of GCT DP4, supported by Canadian institutional investors, reflects the smart and sustainable partnership that the government is calling for.
“The federal budget's focus on private investment and the creation of the new $5 billion Trade Diversification Corridors Fund sends a clear signal that Canada is serious about modernizing its gateways while protecting taxpayers and making smart investments that meet market needs,” Waltz added. “DP4 provides the trade potential Canada needs without the government costs or environmental impacts associated with new megaprojects. GCT is committed to working with the Vancouver-Fraser Port Authority to provide capacity on the West Coast.”
The DP4 project is well advanced in the Impact Assessment Agency of Canada (IAAC) review, with about half of its milestones already completed, and continues to engage Indigenous communities to ensure meaningful participation and shared economic benefits.
“As Canada looks to the future of trade, DP4 is poised to deliver proven, efficient and sustainable expansion that puts private capital to work for the public good,” Waltz said. “Let's build a strong Canada.”
About GCT Global Container Terminals
GCT Global Container Terminals is the Canadian-majority operator of the Port of Vancouver and a key player in Canada's Pacific Gateway. As one of the port's largest employers and operator of Canada's largest container terminal, GCT has been an important part of Vancouver's waterfront since 1907, when it began operations as Empire Stevedoring.
Today, GCT operates two Green Marine certified gateway terminals: GCT Vanterm in Vancouver and GCT Deltaport in Delta. Together they handle more than 3 million TEU per year. Through a commitment to safety, performance, innovation and ESG leadership, GCT delivers ongoing value to customers, supply chain partners, employees and communities.
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