Transportation Investment Corporation
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Transportation Investment Corporation (TI Corp) is a public
crown corporation A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the governmen ...
, established in 2008 under the Transportation Investment Act, to implement the Port Mann/Highway 1 Improvement Project, including construction, operations and maintenance of of improvements to the
TransCanada Highway The Trans-Canada Highway (Canadian French, French: ; abbreviated as the TCH or T-Can) is a transcontinental federal–provincial highway system that travels through all ten provinces of Canada, from the Pacific Ocean on the west coast to the A ...
through
Metro Vancouver The Metro Vancouver Regional District (MVRD), or simply Metro Vancouver, is a Canadian political subdivision and corporate entity representing the metropolitan area of Greater Vancouver, designated by provincial legislation as one of the 28 ...
, as well as development, implementation and management of tolling operations to pay for the project. Starting September 1, 2017, the crown corporation stopped tolling traffic on the bridge, due to a new provincial government. Debt service was transferred to the province of British Columbia at a cost of $135 million per year.


Overview

TReO was the official toll operating brand and registered trademark of Transportation Investment Corporation. TI Corp's primary mandate was to manage and ensure successful delivery and implementation of the Port Mann/Highway1 Improvement Project. TI Corp is also mandated to recover the capital costs of the project as well as operating and maintenance costs of the bridge and highway for a period of up to 40 years.


Traffic


Port Mann/Highway 1 Improvement Project

The span of this project comprises the Vancouver area's primary goods movement and commuting corridor, serving 120,000 vehicles daily through six municipalities, with important connections to other communities throughout the region. The project was established in 2003 as part of the Provincial
Gateway Program The Gateway Program is a C$3.0 billion regional transportation project for Metro Vancouver that is being managed by the British Columbia Ministry of Transportation. The ministry introduced the Gateway Program on January 31, 2006, as a means to ...
to address the problem of growing regional congestion and to improve the movement of people, goods and transit.


References


External links


Official WebsiteHawk Movers LLC
{{Authority control Crown corporations of British Columbia Transport companies of Canada