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Four-year Capital Plan includes significant investments for Vancouver

October 1 2014

Vancouver's Skyline

Today Vancouver City Council adopted the 2015-2018 Capital Plan, a four-year financial plan for investments in our city’s facilities and infrastructure to support a wide range of services for residents, businesses, and people who visit and work in the city.

The $1.085 billion plan was presented to Council after two phases of comprehensive consultation and engagement with participation from over 3,000 members of the public.

View the capital plan

Priorities for capital investments

Drawing on community input, the plan establishes priorities for capital investments over the next four years in:

  • Housing ($125 million)
  • Childcare ($30 million)
  • Parks and recreation ($155 million)
  • Community facilities ($55 million)
  • Civic facilities ($35 million)
  • Transportation ($150 million)
  • Utilities ($325 million)
  • Emerging priorities ($75 million)

Highlights of the plan

Highlights of the plan include investments that will:

  • Create 2,550 new units of social and supportive housing over four years
  • Create 1,000 new childcare spaces over four years
  • Establish three new parks in Downtown South, Marpole, and East Fraser Lands, and upgrade  park features, park infrastructure, and recreation facilities across Vancouver
  • Renew and upgrade key community facilities such as cultural facilities, libraries and community centres, including the aging Britannia Community Centre and the Marpole-Oakridge Community Centre, and Marpole Library
  • Provide funding in support of public safety
  • Upgrade crucial sewer and waterworks infrastructure
  • Provide funding support for new and renewed transportation infrastructure

Learn more about the 2014 budget

Find out more about capital planning

Capital planning

Our capital plan is a four-year financial plan for investments in our city's infrastructure.