July 20, 2012
The City of Coquitlam has reached a public-private partnership agreement with the federal government and Coquitlam Centre to build a third station for the Evergreen Line serving Coquitlam's City Centre area.
Lincoln Station stop will be built at the City Centre of Coquitlam.
The federal government will contribute up to $7 million through the P3 Canada Fund toward the construction. The project will be co-funded through a partnership between the city and Pensionfund Realty Limited, a privately held real estate company. In addition, once selected, a private operator will be required to build and finance the project.
"We are thrilled to have received such a significant contribution, and to be able to make the Lincoln Station a reality," said Coquitlam Mayor Richard Stewart. "It will greatly improve the quality of life in our community and support the long-term transportation goals of the City and the region."
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