Canada, B.C. Celebrate Near Completion of Canada Line
The Canada Line is on track and will open by the Labour Day 2009 weekend, about three months earlier than originally scheduled.
- The announcement was made as Premier Campbell, Minister Day, Transportation and Infrastructure Minister Kevin Falcon, and project officials took part in a full system test of a Canada Line train today, riding from Waterfront Station to YVR-Airport Station.
- Canada Line trains are currently travelling the complete length of the 19-kilometre line as part of testing and commissioning of the system.
Click here for more information.
Canada, BC, Partners Deliver New Infrastructure Funding
The Government of Canada, The Province of British Columbia, Port Metro Vancouver, TransLink, local municipalities, and the private sector are partnering to invest in excess of $225 million in five infrastructure improvements on the North Shore that will enhance rail and port operations and build Canada’s Pacific Gateway.
- In addition to the projects announced today, Transport Canada continues to work with public and private stakeholders, including the Province of British Columbia, to advance other transportation improvement projects at the western end of the North Shore of Burrard Inlet.
- The Province of B.C. has partnered with public and private sector agencies to expand, upgrade and promote an integrated network of seaports, airports, railways, roadways and border crossings as Canada’s Pacific Gateway.
Click for more information.
Communities Benefit from $63 Million for Public Safety
The Province will be returning more than $63 million in traffic fine revenue to local governments, helping municipalities to enhance their policing and community-based public safety programs.
- The traffic fine revenue sharing program assists municipalities that directly pay police enforcement costs. The grants come from ticket fines and court-imposed fines on violation tickets.
- The $63 million in Traffic Fine Revenue Sharing is being provided through the Strategic Community Investment Fund.
Click for more information.
Oil and Gas Produce Record-Breaking Fiscal Year
The March 25, 2009 oil and gas land rights sale of $15 million in bonus bids closed out the 2008-09 fiscal year with an all-time high of $2.4 billion, more than double last year’s record-setting pace.
- The $2.4-billion 2008-09 fiscal year total trumped the previous record-breaking year by $1.2 billion, and broke every tracked record for oil and gas land rights sales in B.C.
- Two significant northeastern geological areas accounted for an amazing 80 per cent of the 2008-09 sales, with 190 land parcels totalling 247,227 hectares being sold. The Horn River Basin, renowned for shale gas, and the Montney Shale Formation, known for its petroleum and natural gas plays, contributed over $1.9 billion collectively.
Click here for the complete results of the sale as well as additional statistics.
