Vancouver International Airport (YVR) broke ground on a number of capital construction projects. The projects are part of YVR’s multi-year expansion plans that will see the airport complete 75 major projects, totaling $9.1 billion over the next 20 years.
YVR president and CEO Craig Richmond was joined by British Columbia Premier John Horgan; Ken Hardie, Member of Parliament for Fleetwood-Port Kells; and Fiona Famulak, president of the Vancouver Regional Construction Association to celebrate the groundbreaking of YVR’s construction projects on June 14th. They include building one of the largest geoexchange systems in Canada, significant terminal expansions, new parking options and improved vehicle rental facilities.
YVR is one of the fastest-growing airports in North America. In 2017, it saw a record 24.2 million passengers with 32 million passengers forecast by 2022. These newest construction projects will improve the speed with which people and goods move through YVR, and provide passengers with a wide range of compelling offerings and amenities.
The expansion projects will have significant economic and employment benefits in the region. 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. Much of the work will be done in the province, offering a significant number of jobs for British Columbians.
“The Vancouver Regional Construction Association applauds YVR’s vision and investment in its airport infrastructure as it will bring significant economic and employment benefits to both the construction industry and the province as a whole,” said Famulak.
“Our members have an excellent track record of delivering state-of-the-art construction projects at YVR, and we look forward to working in partnership with the airport authority to help it realize its vision to be a world-class sustainable airport hub.”