Financing

The Government of Canada, the Province of British Columbia, Greater Vancouver Transportation Authority (TransLink), the Vancouver Airport Authority (VAA) and the City of Vancouver are funding the Canada Line, which is supported by the City of Richmond. The project also involves a private sector partner, InTransitBC, who was selected through a competitive bidding process. The total cost of the project is $1.9 billion ($2003).

InTransitBC will design, build, partially finance, maintain and operate the Canada Line. In addition, InTransitBC will assume most construction and operations risks.

This approach to financing the project ensures that funding agencies and the public benefit from private sector capital, innovation and efficiencies as well as from the private partner's interest in a successful transit system over the long-term. It also ensures that ownership of the Canada Line will be maintained in public hands. That means TransLink will control fares and safety and will require that the private sector partner comply with service standards such as frequency, reliability and comfort.