The Port of Vancouver in British Columbia is a major job and revenue generator for Canada, creating more than 132,000 jobs and contributing $16.3 billion to the country’s gross domestic product, according to an Economic Impact Study released Aug. 20 by the Vancouver Fraser Port Authority, the agency that governs the port.
The study also showed that nearly 80% of the jobs and economic activities benefiting from port-related operations remain in British Columbia, including more than 103,000 jobs. The jobs pay an average of $88,000 annually, higher than the country’s average wage of $58,000, according to the port.
“The study highlights the important role port operators and supply chain partners play for Canadian businesses from coast to coast,” Port Authority CFO Victor Pang said. “It has never been more important for everyone to work together to support reliable, efficient and sustainable goods movement.”
The port, which encompasses 29 terminals that move bulk, containers, breakbulk and automobile cargo, has been engaged in various projects that boost cargo velocity and reliability.
“We continue to work with government and industry to enhance port capacity and infrastructure, including on Roberts Bank Terminal 2 which will accommodate growing trade, offer more options for shipping lines and provide a unique opportunity for a terminal operator in a strategic location,” Pang said.
The full impact study is available on the port’s website: https://tinyurl.com/5862c3eb.