B.C. TO PROVIDE $500M FOR CONVENTION CENTRE|
VANCOUVER – Prime Minister Jean Chrétien,
with Allan Rock, Minister of Industry and Minister responsible for
Infrastructure, Herb Dhaliwal, Minister of Natural Resources Canada
and Minister Responsible for British Columbia, and British Columbia
Premier Gordon Campbell today confirmed their respective governments’
contributions to the Vancouver Convention and Exhibition Centre
of Canada and British Columbia have agreed that the Vancouver
Convention and Exhibition Centre is their top joint infrastructure
priority in this province,” said Prime Minister Chrétien.
“The Vancouver Convention Centre expansion shows what we can
accomplish with strong cooperation between our two governments.
This project will have positive impacts on tourism and the local
economy, but will also contribute to the long term economic growth
of British Columbia.”
“We are very appreciative
of Canada’s contribution to economic development in British Columbia
through this important project,” said Premier Campbell.
“A good working partnership between our governments will ensure
that British Columbia continues its economic growth, and we look
forward to continued partnership with Canada on future investments
throughout our province.”
Convention and Exhibition Centre project includes the construction
of new facilities on the Burrard Landing Site, west of Canada
Place; the renovation of existing leased facilities within Canada
Place; and the linking of the two sites to form an integrated
convention and exhibition centre.
is targeted at $495 million. The tourism sector will contribute
$90 million. The federal and provincial governments will contribute
the remainder, on a matching, cost-shared basis. The federal
contribution will be made through the Canada Strategic Infrastructure
Chrétien and Premier Campbell also announced that their governments
would sign a formal agreement confirming this commitment within
the next six months.
the $2-billion Canada Strategic Infrastructure Fund, the Government
of Canada is working with provincial, territorial and municipal
governments, as well as with the private sector, to respond to
strategic infrastructure needs throughout the country. These investments
are directed to large-scale projects of major national and regional
significance, in areas that are vital to sustaining economic growth
and supporting an enhanced quality of life for Canadians.
with provinces and municipalities, the Government of Canada committed
in the last Speech from the Throne to put in place a 10-year program
for infrastructure to accommodate long-term strategic initiatives
essential to competitiveness and sustainable growth.
information on the Canada Strategic Infrastructure Fund, the Office
of Infrastructure of Canada and its programs, please visit www.infrastructurecanada.gc.ca
the province's Web site at http://www.gov.bc.ca/ for online information