Metro Vancouver Regional District, British Columbia, Planned Capital Program Increased By 16%
In its 2024-2028 CIP, Metro Vancouver Regional District plans to spend $9.5 billion on capital projects, up 16% from its prior plan.
FirmoGraphs keeps its clients up to date on capital plans of interest for long-term business development. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We recently processed the latest capital spending plan by the Metro Vancouver Regional District, British Columbia. Here are our observations.
How Much Did Metro Vancouver’s Capital Program Grow?
In the CIP covering the 2024-2028 fiscal years, Metro Vancouver Regional District detailed plans to spend $9.5 billion on capital projects, an increase of 16% from $8.2 billion in its 2023-2027 CIP. The current CIP has 351 line items, compared to 372 line items in the prior CIP. The table below breaks down Metro Vancouver Regional District’s planned capital spending by business area for its last two CIPs.
Which Business Area Saw the Most Significant Increase?
All business areas increased. The most significant increase goes to the Liquid Waste category, which increased by nearly $678 million with funding towards ongoing projects. In addition, the Housing category also increased by $242 million due to 10 new projects, including the Connection and the Steller, worth $101 million and $74 million, respectively.
Over $1 Billion Planned For Wastewater Treatment Plant
Metro Vancouver Regional District, British Columbia has one notable line item valued at over $1 billion and five at over $200 million. The largest line item is the Iona Island Wastewater Treatment Plant, worth $1.6 billion, under the Liquid Waste category. Other notable line items include:
- Coquitlam Water Main - worth $668 million, under the Water category.
- AI Wastewater treatment plants Stage 5 Expansion - worth $374 million, under the Liquid Waste category.
- North Shore Wastewater treatment plants Secondary Upgrade, Conveyance and Decommissioning - worth $372 million, under the Liquid Waste category.
- Stanley Park Water Supply Tunnel - worth $261 million, under the Water category.
- Annacis Water Supply Tunnel - worth $256 million, under the Water category.
How FirmoGraphs Can Help
FirmoGraphs curates data about U.S. public sector markets, including transportation improvement programs, regulatory developments, and other critical information. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We’d be glad to meet with you and help your company sort through the wealth of information in improvement programs and other publicly available documents. Feel free to request a meeting and review the data live on our Business Intelligence platform.
Frequently asked questions
- How much does Metro Vancouver Regional District plan to spend in its 2024-2028 CIP?
- The 2024-2028 CIP details plans to spend $9.5 billion on capital projects across 351 line items, up 16% from $8.2 billion in the prior 2023-2027 CIP.
- What is the largest capital line item in the CIP?
- The largest line item is the Iona Island Wastewater Treatment Plant, worth $1.6 billion, under the Liquid Waste category.
- Which category increased the most in the new CIP?
- The Liquid Waste category saw the most significant increase, rising by nearly $678 million toward ongoing projects. The Housing category also increased by $242 million due to 10 new projects.