Proposed capital projects

The City has two types of budget expenses: operating and capital. Our operating budget covers spending related to Port Moody’s day-to-day operations. The City’s capital budget funds larger, longer-term projects, mostly related to maintaining, upgrading, and replacing the City’s infrastructure and facilities.

Here are some of the capital projects proposed in the 2023-2027 Draft Financial Plan:

• Water Network Infrastructure Asset Renewal Program
• Major Road Network (MRN) Road Rehabilitation Program
• Ioco Road corridor reconstruction (infrastructure)
• Ioco Road corridor reconstruction (water)
• Local Road Network (LRN) Road Reconstruction Program
• Stoney Creek sanitary sewer rehabilitation
• Alderside foreshore sanitary sewer assessment
• Storm Drainage Capital Infrastructure Program
• Recreation Complex Arena 1 dressing rooms
• Works Yard building envelope replacement

The projects listed above represent nearly 54 per cent (or $10 million) of the proposed capital budget. You can read the full list of proposed capital projects in the Draft Financial Plan(External link).