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Feb 26,2009 The Now News
Published: Thursday, February 26, 2009
It's official: The Evergreen Line through the Tri-Cities is on track to be completed by 2014, after an injection of federal funds today (Thursday). Prime Minister Stephen Harper announced that $350 million from the Building Canada Fund would be dedicated to build the 11-kilometre line from Burnaby to Port Moody and Coquitlam. The $1.4-billion construction project, which would create 8,000 direct and indirect jobs, is expected to begin in 2010.
The latest installment of federal funds, which are in addition to the $66.7 million announced in 2008, will "flow after final project details are defined by the province, a contribution agreement is executed, construction has begun and costs are incurred."
The $173 million remaining to be found, according to the government news release, would be funded by project partners - including a possible public-private partnership - and transit-oriented land development. See Friday's paper for the full story. |