The first rapid transit project south of the Fraser River in 30 years reached a new milestone with the release of the business case and formal approval of provincial funding for the project.
The business case estimate for the capital cost of Surrey Langley SkyTrain is $3.94 billion, including $2.4 billion for the Province’s share of the project, and a federal commitment of up to $1.3 billion, with the remainder coming from local government.
Work on the project is underway, including utility relocations and road widening. With the business case approved and provincial funding in place, the procurement process for major construction will begin this summer.
The project will provide high-quality and low-cost transportation for tens of thousands of people throughout Surrey and Langley. The project includes eight new stations and three new bus exchanges, and, once completed, the travel time from Langley City Centre to King George SkyTrain Station in Surrey will be approximately 22 minutes.
The business case estimate for the total cost of Surrey Langley SkyTrain is $4.01 billion, which includes capital costs and active transportation investments. The active transportation investments, such as biking or walking, advance the CleanBC goal of doubling the percentage of such trips by 2030.
The project will provide sustainable transportation choices, as well as opportunities for new market and affordable housing, child care and health-care centres, and other public amenities in Surrey and the Fraser Valley. A focus on transit-oriented development supports complete, connected and affordable communities in areas surrounding the new stations.
To further these opportunities, the Province, TransLink, the City of Surrey, the City of Langley and the Township of Langley have agreed to collaborate on policies and initiatives to increase density and establish targets for transit-oriented development. This includes commitments by local governments to explore and implement more efficient and effective approval processes for developments along the new corridor.
The development of housing and amenities for the Surrey Langley SkyTrain will also be guided by recent changes to the Transportation Act (Bill 16) that were passed during the spring 2022 legislative session. Bill 16 enables the Province to acquire land to build housing and community amenities that are integrated into transit stations or exchanges.
Supporting residential housing and employment growth along the Fraser Highway corridor will support transit ridership.
Surrey Langley SkyTrain will be built under a community benefits agreement designed to provide opportunities for locals, Indigenous people, women and other underrepresented groups that are interested in starting or furthering careers in construction.
The provincial contribution of $2.4 billion is based on the commitment to fund 40% of the total cost of the Mayors’ Council’s $6-billion 2022 Investment Plan. B.C.’s investment covers more than 60% of the Surrey Langley SkyTrain project.
Transportation Investment Corporation (TI Corp) is leading the delivery of the Surrey Langley SkyTrain project on behalf of the Ministry of Transportation and Infrastructure. TI Corp will provide the controls, practices and other oversight that are essential for this complex project.
Read more: https://news.gov.bc.ca/releases/2022TRAN0067-001107