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 Provisional 2024-2028 Financial Plan:

• water network infrastructure asset renewal program
• Major Road Network (MRN) road rehabilitation program
• Ioco Road corridor reconstruction (part of planned multi-utility replacements)
• sanitary sewer infrastructure maintenance and rehabilitation program
• storm drainage improvements in Moody Centre
• Local Road Network (LRN) road reconstruction program
• installation of air conditioning in the Recreation Complex gymnasium
• renovation of skate shop in the Recreation Complex
• washroom upgrades in the Civic Centre building

The projects listed above represent nearly 53 per cent (or $12.5 million) of the proposed capital budget. You can read the full list of proposed capital projects in the Provisional Five-Year Financial Plan(External link) (PDF).