Investments of $1.8 Billion to Attract New Routes and Carriers and
Improve the Customer Experience
RICHMOND, BC, Jan. 25, 2012 /CNW/ - Vancouver Airport Authority today
announced a 10-year strategy outlining $1.8 billion in improvements
designed to keep Vancouver International Airport (YVR) competitive and
an economic generator for British Columbia.
"YVR is facing increasing competition from other airports; both
travellers and airlines have choices," said Larry Berg, President and
CEO, Vancouver Airport Authority. "In order to remain competitive and
an airport that British Columbia can be proud of, we must continue to
invest in projects that make it easier and faster for passengers and
their baggage to move through the airport."
YVR has set its sights on being the gateway of choice for travellers and
airlines—particularly for the fast-growing Asian market. To meet this
objective, YVR will decrease connection times between international and
domestic flights, enhance baggage systems and invest in terminal
The projects listed below will kick-start the Airport Authority's
More than 700 metres of secure corridors and moving walkways to reduce
connection times for passengers
New high-speed baggage systems
Upgrades to the original areas of the 1968 Domestic Terminal Building
Runway safety enhancements
To help fund these improvements, the Airport Authority is increasing the
Airport Improvement Fee (AIF) from $15 to $20 beginning May 1, 2012,
for passengers travelling to destinations outside of B.C. Passengers
travelling within B.C. and to the Yukon will continue to pay $5. The
AIF at YVR will still be among the lowest in Canada, with most other
major airports collecting $25 per passenger.
"YVR employs 23,600 people, is home to 400 businesses and generates
$1.9 billion in GDP for Canada. It's no surprise that we have to
continue investing in our airport to ensure we remain an economic
engine for our community," said Berg. "Every penny of AIF collected
goes toward building a better airport for British Columbia."
Since it was introduced in 1993, the AIF has helped build a new
International Terminal, a new runway, roads and bridges, airfield
safety improvements and the Sea Island portion of the Canada Line. The
last AIF increase was in 2004.
"I'd like to commend Vancouver Airport Authority for its long-term
vision in keeping YVR competitive in the fastest growing market in the
world. This investment builds on Canada Starts Here: The B.C. Jobs Plan
by continuing to build smart infrastructure that creates local jobs,"
said Premier Christy Clark. "This level of investment demonstrates
YVR's confidence in British Columbia, our economic strategy, and the
thousands of British Columbians working at the airport. Through our
partnership with business and government in the Pacific Gateway we are
seizing a generational opportunity to create jobs for British
Columbians and to lead Canada into the next century."
"It is exciting to see the Airport Authority investing significant funds
like this in YVR's infrastructure," said B.C.'s Minister of
Transportation and Infrastructure Blair Lekstrom. "Voted best airport
in North America in 2010 and 2011, YVR continues to build for the
future. This investment is more evidence of the value of our Pacific
Gateway partnership with business. The Pacific Gateway strategy is
promoting investor confidence through a positive business climate and
is helping B.C. navigate today's economic uncertainty. This investment
will further our vision of creating an aviation hub for Asia right here
More information about the airport's 10-year strategy can be found at www.yvr.ca.
About Vancouver Airport Authority
Vancouver Airport Authority is a community-based, not-for-profit
organization that operates Vancouver International Airport (YVR).
Canada's second busiest airport, YVR served approximately 17 million
passengers in 2011 and handled more than 296,000 aircraft landings and
take-offs on its runways. Sixty-two airlines serve YVR, connecting
people and businesses to 99 destinations in Canada, the U.S. and around
the world. The Airport Authority is committed to creating an airport
that British Columbia can be proud of: a premier global gateway, local
economic generator and community contributor.
SOURCE Vancouver Airport Authority
For further information:
YVR Media Relations
www.yvr.ca Twitter: @yvrairport