Capital spending on schools, hospitals roads, bridges, hydro-electric projects and other infrastructure in B.C. is expected to total $31.1 billion over the three-year fiscal plan, including:
- $2.7-billion to support major replacement, renovation, expansion and maintenance projects in K-12 facilities, and a further C$3.3-billion on capital projects for post-secondary institutions.
- $4.4-billion to support major construction projects and upgraded health facilities, medical and diagnostic equipment and information management/technology systems.
- An investment of $6.6-billion over the three-year fiscal plan is forecast for key B.C. transportation projects.
- Examples of British Columbia's research and innovation investments:
- Since it's inception in 1998, the British Columbia Knowledge Development Fund has invested over $760 million to provide capital funding for research infrastructure at public post-secondary institutions, teaching hospitals and affiliated non-profit agencies.
- The Michael Smith Foundation has received $520 million for health research since its inception in 2001.
- More than $287 million has been invested in Genome BC, since its inception in 2001, to spearhead world-class DNA research projects in health, agriculture, forestry, fisheries, mining, bio-energy and the environment, including climate change.
- $40.5 million has been invested, since 2006, in the Vancouver-based Centre for Digital Media, a Centre of Excellence that trains experts to support this growing industry. The creative industries support a $6.4 billion contribution to the province’s economy and a workforce of 94,000.
The Major Projects Inventory provides information about proposed, ongoing and completed work throughout the province.