Tag Archives: P3 Fund

City of Surrey’s LRT Funding Takes Step Forward

Surrey Light Rail Transit

The region’s next great metropolitan centre is in the midst of securing funding for its Light Rail┬áTransit system, and has taken a leap forward with its application to the P3 Canada Fund, being granted a “screened in” status. The P3 screen is applied to projects with capital costs of more than $100 million, for funding under the new Building Canada Fund. The City expects to welcome nearly 300,000 new residents over the next 30 years, and implementation of a new transit system is necessary to support sustainable growth and a strong economy.

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