Victoria, BC - The Capital Regional District (CRD) Board today approved the recommendation to allocate $8 million remaining in the Regionally Significant Projects Fund (RSPF) to four CRD projects.
The Gas Tax Management Committee recently approved the Johnson Street Bridge Strategic Priorities Fund application which will include a five metre multi-use trail adjacent to vehicle traffic and bike lanes on each side of the vehicle deck. The federal government’s contribution to this project includes $21 million from the Building Canada Fund and $16.5 million through Canada’s Gas Tax Fund. The City of Victoria will fund the remainder of the costs.
Approval of this project allows for $8 million remaining in the RSPF to fund priorities previously identified and agreed to by the RSPF working group, which is comprised of representatives from all of the municipalities and senior CRD staff.
Remaining funding from the $18.5 million Gas Tax agreement between the Federal government, the Province of BC and the BC Union of Municipalities (UBCM) will support installation of commuter bike lanes on Admirals Road ($750,000), development of a multi-use trail alongside the E&N Rail Trail from Four Mile to Thetis Interchange ($4,769,050), implementation of priorities identified in the Pedestrian Cycling and Master Plan ($795,950) and installation of bike lanes on West Saanich Road to McTavish Road ($260,000).
“Support of infrastructure projects that serve to improve transportation networks and promote sustainable travel are of utmost importance in our region,” said CRD Board Chair Geoff Young. “I am pleased to see the Board support these proposals.”
The Gas Tax Agreement for BC defines a funding structure for the CRD. Half of the per capital allocation for the region is disbursed directly to member municipalities and electoral areas; the other half, a General Strategic Priorities Fund (GSPF) is split between a pooled fund and a large scale project fund. Any local government in BC outside Metro Vancouver can submit an application to the GSPF pooled funds.
The CRD currently has $8 million available for eligible RSPF proposals and has endorsed these priorities. RSFP proposals will be submitted to UBCM this fall for final approval.
Gas Tax projects previously approved by UBCM include replacement of the Craigflower Bridge at Admiral’s Road ($10 million) and policy creation, public consultation and monitoring tools for the Regional Sustainability Strategy ($0.55 million).
Gas Tax Map
- 30 -
For further information please contact:
Andy Orr, Senior Manager Corporate Communications, CRD