fraser river port · economic impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003...
TRANSCRIPT
![Page 1: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/1.jpg)
FRASER RIVER PORT
Peter Podovinikoff, ChairCapt. Allen Domaas, President & CEO Fraser River Port Authority
June 2006
Building an Engine of Commerce
![Page 2: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/2.jpg)
Agenda
The Fraser River Port and its position in the Pacific Gateway
Board of Director’s role in the function Port
Management’s role in the function of the Port
Relationships
Lessons learned
Questions
![Page 3: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/3.jpg)
FRASER RIVER PORTAn overview
![Page 4: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/4.jpg)
Fraser River Port: Heart of the Lower Mainland
![Page 5: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/5.jpg)
Fraser River Port Authority’s Mandatefacilitate trade and waterborne commerce on the lower Fraser River
![Page 6: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/6.jpg)
Canada’s 2nd largest port (overall tonnage):9 municipalities38.8 million tonnes in 2005Largest auto port
![Page 7: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/7.jpg)
Economic Impact (2006)
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1993 1998 2002 2003 2006
Direct GDP (billions $)
16,100 direct, local jobs 38,500 total jobsAverage wage $48,800$1.3 direct local impact on GDP $2.8 billion total GDP$7.2 billion in total economic output
![Page 8: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/8.jpg)
Capital Investments in Gateway
Premier’s Challenge
8-9 million twenty-foot equivalent units (TEUs) by 2020
Investments
BC Port Competitiveness Plan – billions required
Provincial Gateway Program – $3 billion
Federal Pacific Gateway Initiative – $590 million (proposed)
![Page 9: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/9.jpg)
Our View of the Gateway
![Page 10: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/10.jpg)
Container Cargo
Fraser River Port current capacity
415,000 TEUs now
600,000 TEUs in 2006
Potential future capacity
Surrey potential 1.20 million TEUs
Richmond potential 1.25 million TEUs_____________________________________
2.45 million TEUs
![Page 11: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/11.jpg)
Summary
Vital part of Pacific Gateway (part of a larger whole)
Fraser River Port has enormous growth potential
increased cargo capacity required throughout Gateway by 2015
limited window to act
![Page 12: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/12.jpg)
FRASER RIVER PORTGovernance
![Page 13: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/13.jpg)
Board of Directors’ Role
Role of Chair– Build Trust– Work hand-in hand with President– Ensure Board functions as a team and is effective
in carrying out duties– Ensure focus on policy versus management– Coach and advise the President/CEO
![Page 14: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/14.jpg)
Board of Directors’ Role (continued)
Role of Board Members
– Developing a vision and raison d’être– A focus on policy– Work as a team with management– Be prepared to deal with issues that come before
the Board– Do your homework
![Page 15: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/15.jpg)
Management’s role
implementation of policy and creation of practice
Orientation of Directors
Effective communication process with the Board and Stakeholders
Team building
Succession Planning
![Page 16: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/16.jpg)
Relationships
A Director’s Perspective
Responsible for effective oversight
Respect and support for Management
Need a common understanding of goals and targets –we use a Balanced Scorecard
![Page 17: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/17.jpg)
Relationships
A CEO’s Perspective
Staff must be receptive to additional/new/other ideas from the Board
Respect the needs of the Board
Need consistent information practices – we structure all agendas and plans around the Balanced Scorecard
![Page 18: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/18.jpg)
Lessons Learned
Be open to dialogue
Do not avoid troublesome issues
Obtain best Directors possible
Engage best staff possible
Maintain effective two way communications
![Page 19: FRASER RIVER PORT · Economic Impact (2006) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1993 1998 2002 2003 2006 Direct GDP (billions $) 16,100 direct, local jobs Æ38,500 total jobs Average](https://reader035.vdocuments.mx/reader035/viewer/2022063017/5fd9c5b428955054444397ed/html5/thumbnails/19.jpg)
Thank you
Questions?