Canada Goverment Plans to Fund Evergreen Railway Line

Canada Goverment Plans to Fund Evergreen Railway Line
March 5, 2009 7:34 am
924

The Government of Canada has unveiled plans about $350m for the new Evergreen Railway Line.

The new line will be built under the Building Canada Fund and operated by the South Coast British Columbia Transportation Authority (TransLink). The 6.8-mile line would run from Lougheed Town Centre in Burnaby to Coquitlam Town Centre via Port Moody.

The system will feature the same automated technology as TransLink’s existing SkyTrain. The new line also will be fully integrated with TransLink’s existing systems, providing a direct link to the Millennium Line, with connections to the Expo and Canada lines, West Coast Express and regional bus systems.

The federal funding is contingent on final project detail approval by the province of British Columbia, Treasury Board approval and the signing of a contribution agreement.

The federal government already has provided $66.7m for the Evergreen Line under the Public Transit Capital Trust in the 2008 budget. British Columbia has committed $410m for the project and TransLink, $400m. The remaining $173m will be funded by project partners, including a possible public-private partnership.

Construction is expected to begin in 2010 and be complete in 2014.

Railwaynews.net is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.
COMMENTS

This site uses Akismet to reduce spam. Learn how your comment data is processed.

No comments yet, be the first filling the form below.