The Federal Minister responsible for infrastructure told the Vancouver Board of Trade the feds are open to renegotiating the formula that divides the cost of infrastructure projects three ways.
In his first speech to the body, Amarjeet Sohi told the crowd Ottawa was ready to work more closely with cities.
“Our government is committed to working closely with our local partners and trust their expertise in terms of setting priorities for their own communities. To build the infrastructure this country needs, collaboration will be key to our success.”
President and CEO of VBot, Iain Black, says it’s an important step forward to get major projects underway like Surrey light rail and the Vancouver Broadway Subway.
“We must not lose site of the movement of goods and services because that is frankly what drives the livability that we want in our communities.”
Vancouver city councilor Geoff Meggs suggests cities should only be required to contribute 10% of the capital costs.
“I would acknowledge that the burden of operating costs is on the municipal level and then the capital costs could be better born by the senior levels of government.”
Minister Amarjeet Sohi promises to invest $20 billion dollars in transit infrastructure over the next 10 years.