Ports to Amalgamate January 1



    Fraser River, North Fraser and Vancouver port authorities become
    Vancouver Fraser Port Authority

    METRO VANCOUVER, Dec. 21 /CNW/ - The three Lower Mainland ports today
received confirmation that the federal government has issued the "Certificate
of Amalgamation" that combines the Fraser River Port Authority, the North
Fraser Port Authority, and the Vancouver Port Authority. The effective date of
amalgamation of the Vancouver Fraser Port Authority (VFPA) will be January 1,
2008.
    The amalgamation of the three Canada Port Authorities is a key policy
measure under the Government of Canada's "Asia-Pacific Gateway and Corridor
Initiative." The provincial government has also voiced its support for the
amalgamation.
    "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."
    As part of the amalgamation process, the three port authorities have
developed blended functional teams that include representatives from each
authority who have been working cooperatively since early 2007 toward the same
amalgamation goals.
    The VFPA's jurisdiction will encompass the combined land, water and
assets of the existing three Canada Port Authorities. The amalgamated port
will be well positioned to better coordinate port planning and develop new
investment opportunities that will facilitate the circulation of goods to and
from foreign markets. The VFPA will also have greater resources for land
acquisition, river management and strategic infrastructure investments.
    "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 eleven-member Board of Directors will be announced on
January 1, 2008.

    Backgrounder

    In June 2006, the Federal Minister of Transport, Infrastructure and
Communities invited the Fraser River Port Authority, the North Fraser Port
Authority and the Vancouver Port Authority to examine port amalgamation. The
three port authorities subsequently commissioned a report on the potential
benefits of an integrated port authority for the Lower Mainland. The report
recommended that the three port authorities integrate to form the Vancouver
Fraser Port Authority. On June 16, Transport Canada issued the "Certificate of
Intent to Amalgamate Port Authorities."





For further information:

For further information: Anne McMullin, Amalgamation Communications
Lead, telephone: (604) 665-9069, cellular: (778) 231-6978,
anne.mcmullin@portvancouver.com

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VANCOUVER PORT AUTHORITY

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