Feds invest in Asia-Pacific Gateway
July 29, 2015 - The federal government recently announced that it will invest approximately $16.5 million across nine Asia-Pacific Gateway transportation infrastructure projects in British Columbia, designed to support Asia-Pacific trade and boost the competitive advantages of Canada's Asia-Pacific Gateway. The announcement was made by Minister of Transport Lisa Raitt.
"The Harper government is committed to helping our exporters reach fast-growing Asia-Pacific markets,” said Raitt. “These projects will help create jobs and economic growth in local communities and ensure that the Asia-Pacific Gateway remains North America's gateway of choice to Asia."
The projects are expected to create jobs and economic growth by reducing bottlenecks, addressing capacity issues and enhancing the efficiency of the transportation system in moving goods, services and people to and from the fast-growing Asia-Pacific economies.
The following projects were selected to receive funding from the Asia-Pacific Gateway and Corridor Transportation Infrastructure Fund (APGCTIF), in response to a call for proposals that was launched on March 13, 2015:
•Deltaport Terminal Road and Rail Improvement Project, Truck Staging Project - Port Metro Vancouver;
•Lansdowne Road Extension and No. 2 Road Upgrade - City of Richmond;
•Bridgeview Drive Improvement Project - City of Surrey;
•Knight Street and Marine Drive Intersection Improvements - City of Vancouver;
•Inter-Regional Commercial Corridor Travel Time System (ICCTTS) - City of Surrey;
•Railway Information Crossing System - British Columbia Ministry of Transportation and Infrastructure;
•13th Street and Bellevue Avenue Rail Crossing Improvements - District of West Vancouver;
•Boundary Road Highway 97 S to Highway 16 W Connector Conceptual Design - City of Prince George; and
•Truck Route Study - District of Squamish.
This funding is conditional on the projects meeting federal eligibility requirements under the APGCTIF and the signing of a contribution agreement. To date, the federal government has invested close to $1.4 billion in APGCI infrastructure projects.
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