Feds Pledge $18 Million For New Fraser Bridge
By 250 News
As reported earlier on Opinion250, The Federal government will contribute up to $18 million dollars towards the construction of the new crossing of the Fraser River .
The funding was announced today by Gary Lunn, Minister of Natural Resources, ( in photo at left, photo opinion250 staff) and Richard Harris, Member of Parliament for Cariboo–Prince George, together with Shirley Bond, B.C. Minister of Education and Deputy Premier, Pat Bell, B.C. Minister of Agriculture and Lands, and John Rustad, Member of the Legislative Assembly.
The Province will pick up the balance of the cost for the new structure estimated to cost $42 million dollars.
The money will come from the Beetle initiative along with funds from the Asia Pacific Gateway Initiative.
The gathering was told that work on the bridge will start on Monday although the call for construction bids has not yet been issued.
The crews who will start moving earth on Monday, will be hired by the day to prepare the site.
The bridge is expected to be completed in 2009.
The initial budget for the bridge was $32.5 million and when the initial tender was issued, the lowest bid for the design-build of the project came back at $47 million.
The tender was not awarded, instead, the project was broken into two sections, the design section which had a low bid of 1.18 million and the construction tender which has yet to be awarded.
Still, the new cost estimate for the bridge is now $42 million. Deputy Premier Shirley Bond says they have done their best to maintain the costs "It’s tough managing capital anywhere in British Columbia today because of the challenges we’re facing" Those challenges include a booming economy, tight labour market, and increase in the costs of supplies.
With the Federal Government now contributing $18 million, the Province will pay the balance, which is expected to be $24 million. Minister of Agriculture and Lands, Pat Bell, says the Federal contribution will mean the province will now have the flexibility to speed up the development of the Cariboo Connector. "Every kilometer of 4 lane highway costs about $1 million dollars" says Bell, so with the Federal Government picking up a chunk of the tab for the bridge, the Province will have some left over money "This allows us to excellerate other projects particularly along the Cariboo Corridor."
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