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May16, 2016

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34 THE JOURNAL OF COMMERCE MAY 16.2016 TOP 25 NORTH AMERICAN PORTS SPECIAL REPORT In Florida, we've invested billions of dollars to increase efficiencies in our multi-modal freight delivery network of seaports, airports, highways and rail lines. We can reliably handle your cargo volume with diversified options, less congestion and more connectivity to markets in the Southeast and beyond, resulting in greater performance for you. When you think business success, think Florida first. Port Canaveral | Port Citrus | Port Everglades | Port of Fernandina Port of Fort Pierce | JAXPORT | Port of Key West | Port Manatee | PortMiami Port of Palm Beach | Port Panama City | Port of Pensacola Port of Port St. Joe | Port of St. Petersburg | Port Tampa Bay F L O R I D A: WHERE YOUR COMES IN SHIP WHERE YOUR COMES IN SHIP SHIP SHIP 502 East Jefferson Street | Tallahassee, Florida 32301 | members will be called fi rst for employment opportunities. "This expansion provides our custom- ers the confidence to bring their largest ship discharges to GCT Deltaport, with the knowledge that the added rail capacity will expedite import container connections through CN and CP's networks," GCT CEO Stephen Edwards said at the project launch. Although the railyard at Deltaport, Canada's largest container terminal, is going ahead and should be ready for mega-ships soon, plans for a second container terminal are mired in Ottawa awaiting environmen- tal approval. Approval, which includes a review by an environmental panel, stalled because of the recent federal election and change in government. Silvester, however, remains confi dent a decision will be made by late 2017 or early 2018 that will then lead to a five-year building phase, with targeted completion by 2023-24. The new facility, Terminal 2, won't require the purchase of industrial land because it will be constructed on landfi ll, similar to Deltaport, that extends into the Strait of Georgia. As with Deltaport, the terminal will be launched with two berths, with a third to be added later. The timetable for the terminal will be governed by the number and extent of changes to the terminal plan that Ottawa and the environmental panel suggest. What is needed is industrial land nec- essary for logistics and other companies to support Deltaport 2 and future terminal expansion, such as Centerm, that will be needed to handle future container volumes. "Metro Vancouver's supply of vacant industrial lands is moderate and declining rapidly," a recent study by Vancouver-based consulting f irm Site Economics con- cluded. "A serious logistics land shortage is expected to become ever more evident and have negative implications for the regional economy by 2020, becoming more severe by buildout, expected in 2025." The supply of attractive industrial land will be nearly exhausted under normal growth projections and anticipated port developments needed to meet increasing container demand, the study said. Terminal 2 would increase the need to fi nd "suitable sites to support associated growth in off- dock container activity," it said. "Other planned expansion and improvements at Centerm and Deltaport will further strain the capacity of the region's industrial land supply in the near term." The result, coupled with congested high- ways and rail lines, could drive more port users to larger ports to the south, such as Los Angeles and Long Beach, the study said. The study did not favor a proposed off- site location in Ashcroft, British Columbia, located about 211 miles east of Vancouver

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