Port Metro Vancouver Contributes $2 Million for Acquisition of Waterfront Property As Part of Ladner Harbour Revitalization Plans



    VANCOUVER, Oct. 2 /CNW/ - Port Metro Vancouver has announced it will
contribute $2 million to the Corporation of Delta for the acquisition of the
Seven Seas Fishing Company site in Ladner. The purchase of this property will
help Delta secure public waterfront land to revitalize Ladner Harbour.
    The $2 million contribution is being made by the Port as part of the
Deltaport Third Berth Project Community Amenities Fund. The Deltaport Third
Berth Project will add a third berth and twenty hectares of container storage
to the existing Deltaport container terminal at Roberts Bank in Delta.
    "The Port is pleased to provide Delta with these funds to assist in their
long-term plans for improving Ladner Harbour," said Captain Gordon Houston,
President and Chief Executive Officer, Port Metro Vancouver. "It is an
important element in the preservation of Ladner's marine heritage and
demonstrates our commitment to support and enhance the well-being of
communities in which we operate."
    Originally built as a warehouse in 1892, the Seven Seas Fishing Company
site is located in the 4800 block of Chisholm Street in Ladner. The
Corporation of Delta now owns the entire Seven Seas property, and public
access to this section of the waterfront is assured.
    The Corporation of Delta held a ribbon-cutting ceremony to celebrate the
acquisition at the site this morning.
    Since 1997, Port Metro Vancouver has contributed almost $9 million
dollars to the community of Delta, which has been used to fund a number of
major projects including parks, arts and seniors centres, community and
environmental projects and Highway 17 improvements.

    Port Metro Vancouver is Canada's largest and most diversified port,
trading more than $53 billion in goods with more than 100 trading economies
annually. Port activities generate 69,000 jobs across Canada with $4 billion
in Gross Domestic Product and $8.9 billion in economic output.





For further information:

For further information: Anne McMullin, Director, Corporate
Communications & Public Affairs, Port Metro Vancouver, Telephone: (604)
665-9069, Cellular: (778) 231-6978, Email:
anne.mcmullin@portmetrovancouver.com

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