Dollars for Bridge Given First Three Readings
By 250 News
Cameron Street Bridge as it is today, the new crossing will be two lanes but will use the existing piers
Prince George City Council has given first three readings to a bylaw that will allow it to borrow nearly $6 million dollars over 20 years for the construction of a Cameron Street Bridge.
The exact amount of the loan is $5,952,000. The City’s next step would see it likely adopt the "Alternate Approval Process" which requires a percentage of the elgible voting public to sign a petition at City Hall saying they do NOT want to borrow the money.
The estimated cost of the project is $9.5 million, and the City has been hopeful the balance of three million would come from the Federal and Provincial governments along with funds raised through the new development cost service charges.
"We are not expecting to spend that full amount " says Councilor Don Zurowski, he says he fully expects the Federal and provincial governments to "do the right thing" and fund two thirds of the project.
Mayor Colin Kinsley says he recently had the opportunity to meet with the Premier, the Minister of Forests Rich Coleman, and Transportation Minister Kevin Falcon. He says the meeting gave him an opportunity to stress the issues surrounding the replacement of the Cameron Street Bridge.
Mayor Colin Kinsley is hopeful the new Federal budget with its promises of more dollars for infrastructure funding will mean there will be more dollars for projects like this.
The loan, says Finance Services Kathleen Soltis, would see the City making payments of $500 thousand dollars a year.
The project will see the construction of a two lane bridge with pedestrian and bicycle lanes and lighting, constructed on the existing piers.
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