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GCT invests $160M to support innovation and high paying port jobs

Sunday, 12 May 2019 | 20:00

GCT Global Container Terminals Inc. is proud to announce its $160 million investment to densify and modernize GCT Vanterm, creating approximately 1,200 new direct and indirect jobs and generating $77 million in wages and $187 million in GDP per year. Strategically located in the inner harbour, GCT Vanterm, is amongst the most productive terminals in North America. The $160 million upgrade at GCT Vanterm would increase container handling capacity and allow it to handle larger container ships within its existing footprint while significantly reducing greenhouse gas emissions at the terminal.

“GCT Global Container Terminals Inc. will continue to make private sector investments to ensure that Vancouver remains the port of choice and continues to be a competitive jurisdiction for transpacific trade”, says Doron Grosman, President and Chief Executive Officer of GCT Global Container Terminals Inc. “The Governments are creating an environment for private sector investments like this one that generate hundreds of well-paying jobs for British Columbians.”
Source: GCT Global Container Terminals Inc.

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