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

Surrey football streaker hires personal injury lawyer

BC Lions not commenting as matter is ‘now before the courts’

‘My friends aren’t going to sell me stuff to hurt me’: South Surrey overdose victim

SPECIAL REPORT: First in a two-part series on Peninsula families losing a loved one to fentanyl

South Surrey auto-glass repair shop responds to ICBC changes

Three businesses contacted MLA to voice concerns

Mechatronics program at Cloverdale’s KPU Tech now open for applications

Students will learn how to operate, diagnose and repair advanced mechatronics equipment

Special invites sent for big Canucks Autism Network birthday party in Surrey

Such invitations are rare for some kids with autism, and one Surrey family knows the feeling

Trudeau, Horgan condemn controversial U.S. child migrant policy

Premier John Horgan said B.C. ‘will always stand up for the values’ of diversity and inclusion

BC SPCA receives 400 reports of dogs in hot cars so far this year

Society is again urging people to leave their pets at home if they can’t keep them safe in the heat

8 B.C. communities rank as the friendliest in Canada

Eight B.C. communities can claim they are the friendliest in the country.

Heat records broken across B.C. as weather warning lifts

Thirteen records broken across B.C. on Tuesday

Alt-ed program brings mindfulness to the classroom

B.C. school leading the way in anxiety reduction strategies

Streaking fan levelled by BC Lions player hires lawyer

Toronto-based firm says the fan suffered injuries including a ‘mild traumatic brain injury’

Province expected to extend fish farm licenses another 4 years

An announcement on future of 20 fish farms off B.C. coast coming Wednesday afternoon

5 to start your day

Ultra low-cost airline launches in B.C., massage therapist charged with sex assault and more

Vancouver massage therapist charged with sex assault

Police say they believe more victims are out there

Most Read