YVR: 160,000 t more cargo
Vancouver International Airport (YVR) has welcomed the Canadian government’s announcement of 11 January, which confirms new federal funding through Transport Canada’s national trade corridor fund (NTCF) for cargo development at YVR.
The CAD 75 million investment, which will be matched by YVR, will enable the airport to increase overall cargo handling capacity by more than 50% or 160,000 t by 2027.
The additional movement of critical high value cargo shipments though YVR will contribute to building a stronger and more resilient supply chain between Canada and global markets, benefitting local businesses and consumers, and enhancing the airport’s competitiveness.
The federal funding supports a CAD 150 million project to expand air cargo facilities at YVR. Work on the project began in May 2023 and is progressing on schedule under a phased plan with substantial completion set for 2028. (cj)