Metro Vancouver's sewerage corp. must pay $39.5M for seized Fraser River land, rules judge
AI Article Summary
A British Columbia court has ordered Metro Vancouver's sewage corporation to pay $39.5 million for the expropriated land on the Fraser River needed for the expansion of a wastewater treatment plant. This amount includes an additional $1.89 million more than the initial offer. The land, previously owned by S&R Sawmills, is set to be used for critical infrastructure improvements.
What This Means for Canadian Contractors
This project shows how land acquisition costs can significantly impact infrastructure project budgets, potentially influencing funding allocations and timelines. For Canadian builders, this means planning for unforeseen financial demands in the expropriation process. Attention to local regulations and court rulings will be crucial in managing project costs effectively.
