Economic benefits during construction
The construction of the terminal over five-and-a-half years would provide 12,700 person years of employment worth about $1 billion in wages, generate $1.3 billion in GDP, and contribute $300 million in tax revenue to all levels of government.
Economic benefits during operation
The project would be a significant economic generator for the region, including 1,500 person-years of employment on the terminal and another 11,000 trucking, warehousing and other jobs off the terminal, all worth about $810 million in wages annually.
Off-terminal activities include services provided by truck drivers, harbour pilots, tugboat operators, the Canada Border Services Agency, railways, transload and distribution facility operations, and container storage yards, and would generate an estimated total of 10,850 person-years of direct, indirect and induced employment.
The project would also generate $1.2 billion in GDP annually and contribute more than $200 million in tax revenue to all levels of government. These numbers do not include the value of the goods themselves to the economy, and therefore the economic benefit is expected to be even greater still.