Metro Vancouver Reference Panel informs Finance Committee deliberations on HOW to pay for two replacement sewage treatment plants
The Lions Gate and Iona Island treatment plants have each been in service for approximately 50 years. Both have exceeded their useful lives. Both are high risk facilities with attendant environmental and legal risks for Metro Vancouver. “The overall impact of constructing both treatment plants by 2020 is comparatively small. The incremental difference in the annual financing cost of one versus two plants is not that much. The biggest hit is the first one,” stated Mayor Malcolm Brodie of Richmond.