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

VIDEO: Sopwith takes flight for Father’s Day at Museum of Flight

Dads got in free Sunday at “pops and props” event

VIDEO: 89-year-old runner celebrates Father’s Day on the track

Spectators were on their feet Sunday morning cheering Langley’s Ike Thiessen across the finish line.

UPDATE: All lanes open after crash closed Sea-to-Sky near Lions Bay

Hwy. 99 not expected to re-open until 2:30 p.m.

‘Only in Aldergrove’ rec centre nears completion

Fabulous new Township of Langley facility will put our town on the map

BC Lions defensive back Marcell Young levels streaker in home opener

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

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

B.C. NHL prospect expected to make ‘full recovery’ after incident in Calgary

Jordy Bellerive was injured in a reported house fire Saturday night

Police: Taxi driver who hit 8 Moscow pedestrians fell asleep

Two Mexican World Cup fans were among those hit

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

Privacy lawyer warns against victim blaming in recent sextortion scams

Perpetrators get sexual photos of the victim and threaten to share them with friends and families

Motorcycle crash sends man to hospital with life-threatening injuries

Rider collided with a car near Edmonds SkyTrain in Burnaby

QB Jennings leads Lions to 22-10 win over Alouettes

B.C. wins CFL home opener over Montreal

Most Read