UPDATED: Vancouver International Airport to get $9B expansion

The funds will cover more than 75 projects and upgrades during a 20-year span

Vancouver International Airport, along with B.C.’s premier, officially launched a $9-billion expansion plan on Thursday that officials say will bring the infrastructure needed to support up to 36 million travellers each year by 2020.

“We are on an ambitious journey to build the airport of the future,” said airport CEO Craig Richmond.

The airport, which operates with a not-for-profit-business model, receives no government funding. Thursday’s investment has been generated through the airport’s own profits, according to Richmond.

In 2017, the airport saw a record 24.2 million passengers land in Vancouver.

The funding will cover more than 75 projects and upgrades during a 20-year span, including expanding runways by 300 metres, parking and terminal expansions.

One of the biggest projects includes creating one of the largest GeoExchange systems in Canada, Richmond said, which involves using groundwater for heating and cooling.

The construction, Richmond said, is expected to create 2,500 full-time constuction jobs by the end of the year.


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Masset dodges empty-ballot bullet

After an extended deadline, Masset now has enough candidates for council

Sunny skies for Terry Fox Run

Queen Charlotte and Masset runs raise nearly $3,000 for cancer research

Masset short on council candidates, other communities okay

Nominations deadline for Masset council extended to 4 p.m. Monday

Fishing boat ‘Haida Legend’ sinks off Langara Island

All crew rescued by nearby sport fishers, boat was re-fitted in late 2016

Last day to run for Oct. 20 election

Candidates have until 4 p.m. today to file nomination packages

Canning sockeye by hand in North Coast B.C.

Arnie Nagy teaches the Northern View how to can salmon in Prince Rupert

Abdelrazik torture lawsuit delay would be unconscionable: lawyer

The federal government is making a last-minute plea to delay the Federal Court hearing

Trudeau upset after meeting with Saskatchewan chiefs

Trudeau is upset about how time was managed in a recent meeting

B.C. tent city ‘devastated’ after flash flood

Maple Ridge mayor says that residents shouldn’t have to return to their flooded tents

Filipino-Canadians concerned about family after typhoon hits Philippines

Typhoon Mangkhut has killed 66 people in the Philippines and four in China

Ottawa looks at having retired judge help guide renewed pipeline review process

The feds would only says that ‘multiple options were on the table’

Canada bans use of trans fats in food products

Trans fats are know to cause heart disease

Yukon suspect in B.C. mail bombing makes court appearance

Whitehorse man Leon Nepper faces charges related to a mail bomb sent to a Port Alice home Sept. 11

Nearly 80% of British Columbians support a ban on handguns in cities

86% support a ban on military-style assault weapons

Most Read