The government of Canada has identified the Highway 1 Lower Lynn Corridor Improvement project for funding consideration of up to $34.1 million under the New Building Canada Plan in British Columbia.
The total cost for the Highway 1 Lower Lynn Corridor Improvement Project is estimated at $100 million, including $78 million for interchanges and $22 million for improvements to nearby municipal roadways. In addition to the federal funding, the Province of British Columbia and the District of North Vancouver will cost share the remaining $65.9 million.
This project involves the construction of two new interchanges and infrastructure upgrades to improve access to Highway 1 through the Lower Lynn Corridor. This work builds on the new Mountain Highway Interchange announced in November 2014.
The Lower Lynn Corridor Improvement Project includes constructing the Fern Street and Dollarton interchanges and will improve safety, efficiency and traffic flow along the stretch of Highway 1 between Mountain Highway and the Second Narrows Bridge, one of the biggest bottleneck areas in the Lower Mainland.
The New Building Canada Plan is the largest and longest federal infrastructure plan in Canada's history. It is providing $53 billion to support provincial, territorial and municipal infrastructure between 2014 and 2024.
Over a 10-year period, British Columbia will benefit from approximately $3.9 billion in dedicated federal funding, including almost $1.1 billion under the New Building Canada Fund.