Officials break ground on US$6.9bn development projects at Vancouver Airport

0

Vancouver International Airport (YVR), Canada, has broken ground on a number of capital construction projects to enhance the passenger experience and improve its position as a world-class connecting hub.

The projects are part of YVR’s multi-year expansion plans that will see the airport complete 75 major projects, totaling C$9.1bn (US$6.9bn) over the next 20 years.

Projects include expanding the terminals, new parking options and improved vehicle rental facilities. It will also see the construction of one of the largest GeoExchange systems in Canada.

YVR is one of the fastest-growing airports in North America, welcoming a record 24.2 million passengers in 2017. It plays a significant role in the local, provincial and national economy, and supports 24,000 jobs on Sea Island and more than 100,000 jobs across British Columbia. By the end of 2018, construction activities at YVR will create nearly 2,500 full-time construction jobs on Sea Island and hundreds more off-site.

YVR’s multi-year expansion plans are made possible by YVR’s unique, not-for-profit operating model. YVR receives no government funding and all profits generated at YVR are reinvested back into the airport for the benefit of its customers, partners and communities.

Craig Richmond, president and CEO, Vancouver Airport Authority, said, “We are experiencing record growth at YVR as we deliver on our mission to connect British Columbia proudly to the world and these ambitious expansion projects will further position YVR as a world-class connecting hub. As we build the airport of the future, our focus is to move people and goods efficiently, while continuing to delight people with a wide range of offerings, amenities and outstanding customer service.”

John Horgan, premier of British Columbia, said, “YVR connects people and businesses in British Columbia with the world. From tech to tourism, wood products and natural resources, the expansion of this important hub will help the state strengthen ties with global partners, attract investment, and generate good jobs for local people.”

Share.

About Author

mm

Dan joined Passenger Terminal World in 2014 having spent the early years of his career in the recruitment industry. As assistant editor, he now produces daily content for the website and supports the editors with the publication of each exciting new issue. When he’s not reporting on the latest aviation news, Dan can be found apprehensively planning his next DIY project.

Comments are closed.