British Columbia premier expects US$25 billion to go on infrastructure
2012 04 17
- Details
CANADA's west coast province of British Columbia needs C$25 billion (US$25.01 billion) invested on transport infrastructure to meet increased demand on provincial ports expected by 2020, reports The Canadian Press.
BC Premier Christy Clarke said that C$24 billion will come from the private sector, with the province contributing C$1 billion, some C$300 million of which had already gone to the Prince Rupert Road Rail Utility Corridor with the remaining C$700 million going to increase capacity on provincial highways over the next five years, she said.
The $24 billion Ms Clark hopes the private sector will spend includes C$18 billion in pipeline and plant investment to support the development of the liquefied natural gas sector, C$2.8 billion by the Canadian National and Canadian Pacific railways to improve capacity on their main lines, C$3.8 billion to increase container terminal capacity at provincial ports, between C$300 million and C$1.1 billion to expand coal terminal capacity in Vancouver and Prince Rupert, up to C$60 million to expand metal and mineral terminal capacity in northwestern BC and Vancouver and up to C$700 million to develop potash terminal capacity.
Source Shipping Gazette - Daily Shipping News
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