(Surrey, BC) – Coast Capital Savings is proud to celebrate, along with its partner and long-standing member, the Greater Victoria Harbour Authority (GVHA), the announcement of upgrades to the Ogden Point Cruise Terminal.
Coast Capital Savings has committed a significant capital loan to the GVHA, which will allow upgrades to the cruise terminal, to ensure that the city can continue to attract some of the world’s largest and most profitable cruise lines to Victoria.
“The Greater Victoria Harbour Authority is a long-standing Coast Capital member and we commend all of the partners who have come together to facilitate upgrades to the Ogden Point terminal,” says Wayne Berg, Chief Commercial Officer, Coast Capital Savings. “This project is going to bolster local tourism and marine industries in the Greater Victoria area which is imperative to the success of our local economy and a thriving community.”
Victoria’s Ogden Point is now Canada’s busiest cruise-ship port-of-call, welcoming 250 ships during the 2018 season, which represents a more than $130 million impact to the local economy. It supports over 800 direct and indirect jobs.
“The Greater Victoria Harbour Authority thanks Coast Capital Savings for their capital loan as we begin upgrading the Ogden Point Cruise Terminal,” says Ian Robertson, CEO of the Greater Victoria Harbour Authority. “These upgrades will allow us to better serve the marine and tourism industries in our region, and we are excited to unveil the completed project in the new year.”
The project upgrade has been made possible thanks to funding through the Government of Canada.
About Coast Capital Savings
Coast Capital Savings is Canada’s largest credit union by membership. An Imagine Canada Caring Company and a certified B Corporation in recognition of its social performance, the credit union invested $5.6 million into local communities in 2017, focusing on empowering and engaging youth. Coast Capital is one of Canada's Most Admired Corporate Cultures™, and is a winner of the Canada's Best Managed Companies Platinum Club designation. In 2018, Coast Capital was awarded the Corporate Responsibility Award at National Philanthropy Day by the Association of Fundraising Professionals, Vancouver Island Chapter. It has 52 branches serving its 555,000 members in the Metro Vancouver, Fraser Valley, Vancouver Island and Okanagan regions of British Columbia. Product innovations include Canada's first free chequing account from a full-service financial institution. To learn more, visit coastcapitalsavings.com.