Canada Line Concession Agreement

The Canada Line connects downtown Vancouver with existing heavy rail lines, bus lines, commuter trains, buses and the airport. The driverless system includes eight underground stations, six elevated and two at the flattest level, as well as an operations and maintenance center. Support the goals of quality of life, sustainability and competitiveness with a rapid rail line connecting Richmond, Vancouver International Airport and Vancouver. 79 – Payments based on availability, quality of service and completion of passenger forecasts,885 and the line returns to the public sector after the completion of the concession period.886 InTransit BC also entered into a planning and construction contract with SNC-Lavalin, Inc.887 After completion in August 2009, CLCO`s responsibility for managing the concession contract has been entrusted to TransLink. Of the $2.05 billion needed to finance this project, there were $1.33 billion in public contributions and $720 million in private financing, or about 35.12 percent.888 In terms of private financing, there were two components: equity and debt. 886 id. to 29. 887 id. 888 id. to 30.

889 id. to 31. 890 id. at 31, 34. 891 id. to 34. 892 id. at 37. Trains that go from Vancouver to Vancouver International Airport separate from the main line leading to the bridgeport station and stop: the Canada Line is a fast train line to Metro Vancouver, British Columbia, Canada, which is part of the SkyTrain system. The line is owned by TransLink and InTransitBC and is operated by ProTrans BC. Colored turquoise on line maps, it acts as an airport rail link between Vancouver, Richmond and Vancouver International Airport.

The line consists of 16 stations and 19.2 kilometres (11.9 miles) of track; The main line runs from Vancouver to Richmond, while an adjacent 4-kilometre (2.5-mile) line from the bridgeport station is connected to the airport. [2] It was opened on August 17, 2009, prior to the 2010 Winter Olympics. [3] The Canada Line was expected to have 100,000 boardings per day in 2013 and 142,000 boardings per day by 2021, but has consistently exceeded early targets. [4] The number of passengers has steadily increased since the day of opening, with an average number of passengers of 83,000 per day in September 2009,[5] 105,000 per day in March 2010,[6] and more than 136,000 passengers per weekday in June 2011. [7] During the 17 days of the 2010 Winter Olympics, the line carried an average of 228,190 passengers per day. [8] Opponents of the RAV Line`s public-private partnership (P3) believe it was politically motivated and will cost more money due to private participation. However, private participation has allowed construction costs to be known and fixed in advance. . . .