The South Shore Trade Area is a vital import and export gateway for North American and Asian markets.
Improvements to transportation infrastructure will enable the South Shore Trade Area to meet import and export demands in the near, medium and long-term while increasing the capacity and efficiency of port, rail and trucking operations. As part of the APGCI, the Government of Canada will partner with private sector stakeholders and invest up to 125 million for three projects, Powell Street Grade Separation, Steward Street Elevated Structure and Victoria Drive Pedestrian Overpass.
All financial figures are anticipated federal contributions for projects, most of which are cost-shared with important contributions from partners, including British Columbia and other western provincial and municipal governments, ports and railways.
All projects are subject to funding commitments of all partners, completion of due diligence, contribution agreements and final federal project approval.
"Under the leadership of Prime Minister Stephen Harper, our Government is investing in new port projects today as part of our larger plan to create local jobs, stimulate British Columbia's economy"- Rob Merrifield, Minister of State (Transport)