Airports Vancouver Airport starts construction projects

The projects are part of YVR´s multi-year expansion plan that includes 75 major projects. Overall, the airport is to invest $9.1 billion over the next 20 years.

YVR hopes to further strengthen its position as connecting hub and as a strong economical generator for British Columbia. The airport is one of the fastest-growing airports in North America and welcomed 24.2 million passengers last year. The new construction projects will support the upward trend with increased speed at which people and goods move through Vancouver Airport.

During an event, Vancouver Airport Authority 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. They celebrated the beginning of YVR´s projects with a symbolic first sod.

Craig Richmond, President & 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.”

With the new projects, the airport seeks to effect significant employment and economic benefits for the region. Moreover, the expansion will create 2,500 full-time jobs by the end of 2018.

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

As using the not-for-profit operating model, Vancouver Airport will not receive Governmental funding for the expansion projects. All earned benefits will be put back into the airport for the customers, communities and partners.