The Urban Development Institute (UDI) wants to congratulate the Metro Vancouver mayors and the Provincial and Federal governments on their announcement today of $616 million in funding for transit projects across Metro Vancouver.
Today’s announcement, including an additional $125 million from TransLink, is a positive step forward for the region and will help advance key infrastructure projects, such as a third sea bus, additional SkyTrain cars, and planning for LRT in Surrey and the Broadway Subway Line in Vancouver.
“UDI believes that these investments will improve transportation flows across the region and enhance our economic competitiveness,” said Anne McMulllin the CEO of UDI.
UDI has long supported increased transit and transportation investments in Metro Vancouver. Moving forward, UDI will continue to work with all levels of government to expand our transit and transportation systems and to ensure that they are coordinated with sound land use principles.
Metro Vancouver is one of the fastest growing regions in Canada – with over a million people and 600,000 more jobs coming to the area by 2040. Investments such as those announced today are critical to shaping growth, addressing climate change, and improving housing affordability and economic competitiveness for the region.