The Federal and Provincial governments along with Metro Vancouver mayors have come to some sort of deal to move forward on part of the 10 year transit and transportation plan.
Sources tell CKNW that an announcement is imminent that would allow the three levels of government to at least get started on parts of the mayor’s ten year plan.
Prime Minister Justin Trudeau will be in town tomorrow and will be appearing alongside provincial and regional officials for the announcement.
However, while the plan can apparently get started, how to pay the region’s full 17 per cent share is still a question needing answering.
Sources say any deal on funding the region’s full 17% is still very much a work in progress.
The federal government has put $370 million on the table for phase one of the plan while the province has kicked in $246 million over three years.
A deal to cover the region’s share is required to unlock the full funding.