Vancouver Fraser Port Authority announced that it has received a commitment for over $100 million of funding from the federal government’s National Trade Corridors Fund to support infrastructure projects.
“As a Canada Port Authority, our job is to make sure the port is ready to handle Canada’s growth in trade, but we are also undertaking a number of projects beyond the port to improve the flow of goods and seek to alleviate the impacts of growing trade on local communities,” said Robin Silvester, Vancouver Fraser Port Authority’s President and CEO. “With this federal funding, we are able to take on five new projects that will enable us to continue this critical work.” The five funded projects include three infrastructure projects in Richmond and Surrey to reduce interactions between the community and road and rail activities by building overpasses and making other improvements in operations. Additional funding will support two studies that will look at how to move goods more efficiently throughout the Lower Mainland.
The funded projects were identified in the Greater Vancouver Gateway 2030 Strategy, a strategic plan developed by the Gateway Transportation Collaboration Forum. The forum is an ongoing collaborative effort to ensure the Greater Vancouver gateway is ready to manage growing trade, and its membership includes Transport Canada, the B.C. Ministry of Transportation and Infrastructure, the Vancouver Fraser Port Authority, TransLink and the Greater Vancouver Gateway Council.