Port of Vancouver, B.C. moved C$43 billion worth of goods in 2004
The port of Vancouver, British Colombia, said Tuesday it moved C$43 billion ($34.5 billion) in goods during 2004, a 48 percent increase since the port’s last economic impact study in 2000.
The study reported that total employment across Canada from Vancouver’s port operations including direct, indirect and induced jumped 12 percent since 2000 to 69,200. The port said its five main sectors of employment maritime cargo, cruise, capital investment, shipbuilding and repair, and non-maritime provide C$3 billion ($2.4 billion) in total wages, with port-related employers and employees contributing C$763 million ($611 million) to Canada’s federal and provincial governments.
“The study illustrates the extensive, far-reaching economic impacts of port activities,” said Capt. Gordon Houston, president and chief executive officer of the Vancouver Port Authority. “If we wish to maintain these economic benefits and capture future opportunities, particularly those presented by growing Asian trade, investment in port and infrastructure development is essential to strengthening our competitive position.”