‘Going to take time’: No quick fix to B.C.’s surging infrastructure project costs

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‘Going to take time’: No quick fix to B.C.’s surging infrastructure project costs
Cost OverrunsEconomyInfrastructure
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The provincial government has launched multiple major infrastructure and health projects in recent years, each with budgets in the hundreds of millions or billions of dollars.

The cost of the Richmond Hospital redevelopment project has ballooned to $1.96 billion, $1.1 billion more than forecast in the hospital's original 2020 business plan. As Alissa Thibault reports, the hospital joins a growing list of projects that will cost more than originally projected.Metro Vancouver homeowners will help pay for sewage plant costs

Permit and project approvals at the municipal or district level are also slowing down builds and increasing costs, he said.— the union favouring contract structure the province has implemented for a number of its key infrastructure builds — are also pushing prices up, he argued.Union-favouring Community Benefits Agreement seemingly at odds with Indigenous rights in Duncan

“It’s going to be very tricky in the short term because at a top line, it’s going to take time to address the availability of skilled labour in particular,” he said.

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