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

Update: Driver lone occupant of truck that crashed Saturday

Vehicle flipped over on 50th Street SW, driver injured, alcohol not ruled out as a factor

Vernon second-degree murder suspect found not criminally responsible

Angelo Gabriel Monfort’s matter will be put to the British Columbia Review Board

Salmon Arm RCMP nab suspected tire thief

Owner of vehicle confirms to officer he definitely did not give permission to suspect to take tires

Man threatens spouse with knife

Salmon Arm RCMP say the threats will lead to serious charges

Hot weather to hit the valley

Environment Canada issues a special weather statement.

REPLAY: B.C. this week in video

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

Over 800 cars hit the streets in Penticton for Beach Cruise

Largest Peach City Beach Cruise event to-date to take place in Penticton

B.C. announces $75M to help friends, family care for seniors at home

Funding will go towards respite care and adult day programs

Timely tide attracts another pod of orcas to Victoria

The pod left the harbour about 30 minutes later

Canada won’t ‘play politics’ on U.S. migrant children policy

The U.S. government is under fire over its ”zero tolerance” policy

Capitals coach resigns after Stanley Cup win

Barry Trotz announced his resignation on Monday

B.C. pledges $550 million for Indigenous housing

Aboriginal leaders say federal government needs to pitch in too

Okanagan residents getting locked up for B.C. SPCA

SPCA events taking place around the Okanagan raises funds for abused and homeless animals

Sweden beats South Korea 1-0

Sweden gets benefit of video review in World Cup

Most Read