POSITION: NEW RAPID TRANSPORTATION INFRASTRUCTURE INVESTMENT A BOON TO ECONOMIC DEVELOPMENT | Vancouver Economic Commission

POSITION: New Major Rapid Transportation Investment a boon to Economic Development

Investing in 21st century rapid transportation infrastructure a smart move for the region, and a characteristic universal to the most relevant, cutting-edge global cities and urban centres. The Vancouver Economic Commission (VEC) welcomes the Translink funding news for the Broadway subway and Surrey LRT, and look forward to future investments in regional connectivity. Vancouver is in a worldwide race for smart talent, capital and investment – to attract our fair share, we must keep pace with other leading cities around the globe.

The VEC has a multi-year track record in advocacy for transportation investment into Vancouver and the region. Our work with local and international businesses confirms how important diverse connectivity options to business and investor stakeholders; we frequently hear that transit is a linchpin factor for companies deciding where to locate. This particular investment will go a long way towards increasing the connectivity of a prominent academic and research institution, the Province’s busiest hospital district, and local industry hubs while amplifying opportunities for dynamic and innovative collaboration.

In 2013, we partnered with the City of Vancouver, University of British Columbia and KPMG to build the business case for the Broadway subway, and we invite anyone with any vested interest in this project to review the data and findings here.

 

Learn more about rapid transportation in the region

The Province of British Columbia: Major rapid transit projects to ease congestion in Metro Vancouver
The Province of British Columbia: Broadway Subway Project
Translink: Surrey LRT Project

 
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