Port of Vancouver Expects Growth
by Allan Brettman
VANCOUVER -- Several construction projects at Port of Vancouver offer the promise of future economic growth, Port executive director Larry Paulson said today.
"It is currently a beehive of construction activity," Paulson said in a speech at the annual State of the Port Address at the Red Lion Hotel Vancouver at the Quay.
More than 100 construction workers are building a rail project at the Port's new Terminal 5 and another 10 to 15 workers are installing fencing and utilities, Paulson said. Another 15 to 20 workers are taking apart buildings on the former Rufener Farm, a likely site for future development.
"I'm particularly appreciative that all of the contractors on these port projects are from the Vancouver/Portland region, keeping these jobs local," Paulson told the sold-out audience.
Paulson and Port Commission president Jerry Oliver, who earlier presented the commission's perspective of the port's status, talked about a light at the end of the tunnel - marking the end of the recession.
"As sure as I am standing here this morning, I believe it has (ended)," Oliver said. "I am proud to report to you this morning that there is a light at the end of the tunnel and the Port of Vancouver will be one of the first to make it out."
Paulson said that the port, equipped with two cranes designed to lift heavy cargo, expects to see continued growth in wind energy imports this year. Wheat exports are expected to remain solid for the coming year and Subaru is consistently stable in its import of vehicles.
Some numbers shared at this morning's presentation:
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