Transportation Investment Corporation
 | |
| Crown Corporation | |
| Industry |
Transportation Tolling |
| Founded | 2008 |
| Headquarters | Coquitlam, British Columbia, Canada |
Area served | British Columbia |
| Revenue |
 C$122 million (2015)[1] |
| Total assets |
C$3.24 billion (2015)[1] |
| Owner | Government of British Columbia |
Number of employees | 30 (2015)[1] |
| Website | http://www.ticorp.ca |
Overview
Transportation Investment Corporation (TI Corp) is a public Crown corporation established in 2008 under the Transportation Investment Act to implement the Port Mann/Highway 1 Improvement Project, including construction, operations and maintenance of 37 kilometres of improvements to the TransCanada Highway through Metro Vancouver, as well as development, implementation and management of tolling operations to pay for the project.
TReO is the official toll operating brand and registered trademark of Transportation Investment Corporation.
Mandate
TI Corp’s primary mandate is 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
| Total Monthly Traffic (million) [2] | 2014 | 2015 |
|---|---|---|
| 01 - January | 2.66 | 2.74 |
| 02 - February | 2.42 | 2.63 |
| 03 - March | 2.71 | 2.90 |
| 04 - April | 2.83 | 2.94 |
| 05 - May | 2.98 | 3.11 |
| 06 - June | 2.95 | 3.17 |
| 07 - July | 3.18 | 3.24 |
| 08 - August | 3.25 | |
| 09 - September | 3.02 | |
| 10 - October | 3.05 | |
| 11 - November | 2.77 | |
| 12 - December | 2.85 |
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 to address the problem of growing regional congestion and to improve the movement of people, goods and transit.
External links
References
- 1 2 3 TI Corp (2015), Transportation Investment Corporation Annual Report 2014/2015, retrieved 2015-09-29
- ↑ TI Corp (2015), Port Mann Bridge Traffic, retrieved 2015-09-29