VANCOUVER — Vancouver’s newest capital plan is looking to preserve and protect aging infrastructure.
The City of Vancouver’s director of finance presented the draft 2019-2022 capital plan to Vancouver City Council on June 5. The plan proposes spending $2.6 billion on renewing aging city infrastructure and amenities.
The report stated proposed capital investments include the renewal of critical aging water and sewer infrastructure, the expansion of transportation infrastructure such as the Millennium Line Broadway Subway extension, upgrading aging community and civic facilities and the preservation and creation of affordable housing in the form of 1,200 to 1,600 units of non-market rental housing along with 1,000 new childcare spaces.
Proposed renewal projects include the Marpole Community Centre and Marpole Library, the Britannia Centre, and preparation of a master plan for the West End Community Centre site. Repairs and seismic upgrades for the Granville Bridge and a seismic upgrade to Kitsilano’s Firehall #12 are also recommended. An outdoor pool in Marpole and the Oakridge Civic Centre are examples of new proposed amenities.
Approximately $1.3 billion is being allocated to maintenance, renewal and upgrades of existing infrastructure, while the remaining $0.7 billion, along with $0.6 billion of in-kind development contributions, would go to new or upgraded infrastructure.
During the council meeting, a borrowing limit of $495 million was approved in principle to support the four-year plan. The public will be asked to vote on approval of borrowing all non-utility debt this October as part of the upcoming Vancouver municipal election.
A second round of public engagement will also take place throughout June to solicit feedback, including online and telephone surveys, focus groups and events held throughout the city. Public feedback will be incorporated into the final draft of the capital plan, which Vancouver City Council will consider by the end of June.
The city held a previous public engagement round in April, with 91 per cent of those polled approving allocation of more funds to renew aging infrastructure.
To learn more, click here.
Recent Comments
comments for this post are closed