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

Fathers’ Day in the sun

Discovery House event draws a crowd to Penticton’s Skaha Lake Park

Penticton Pistoleras seize second undefeated season

Penticton’s Pistoleras roller derby team wrapped up the season undefeated, thanks to… Continue reading

Penticton lacrosse team battles hard in Barnburner tourney

The Penticton Midget Lacrosse team remains in the B-division after a tough Barnburner tourney

Reel Reviews: Evil bloodlines and jewelry heists

We say, “Hereditary is refreshingly scary, Ocean’s 8 is familiarly okay.

Former Penticton Vee recovering in hospital

Pittsburgh Penguin prospect expected to make full recovery

Penticton Pistoleras seize second undefeated season

Penticton’s Pistoleras roller derby team wrapped up the season undefeated, thanks to… Continue reading

Book Talk: Okanagan beach reads

A cool, shady spot on the beach is a fine place to lose yourself in a book

BC Lions defensive back Marcell Young levels streaker in home opener

Young hit the fan near one of the 45-yard lines

UPDATE: RCMP investigating overnight incident on Lakeshore Road

Evidence markers noting blood stains on road

Police: Taxi driver who hit 8 Moscow pedestrians fell asleep

Two Mexican World Cup fans were among those hit

Police say Salmon Arm youth who posted about shooting students no longer a threat

Group which alerted RCMP to tweets says it issued a Code Red, highest level of alert

B.C. VIEWS: Orphans of our urban drug culture neglected again

Child advocate Bernard Richard leaves B.C. with harsh message

From marijuana beer to pot cookies, Canadian companies creating cannabis edibles

Manufacturers think that edibles will do well with users who don’t want to smoke or vape

Most Read