Vancouver: Andrew Saxton, Member of Parliament for North Vancouver, and Naomi Yamamoto, Minister of State for Tourism and Small Business for British Columbia and MLA for North Vancouver- Lonsdale, on behalf of Todd Stone, Minister of Transportation and Infrastructure for British Columbia, announced that funding is being set aside to build a new interchange where Highway 1 intersects with Mountain Highway in the District of North Vancouver. The project involves converting the existing Mountain Highway Overpass at Highway 1 into a full interchange. This new interchange will increase safety by helping to reduce congestion and travel times on this busy stretch of roadway, and will provide an alternative to the east-west and north-south routes on the North Shore, thereby providing additional capacity for travelers in these Vancouver communities. The Government of Canada is setting aside up to $12.5 million for this project through the Building Canada Fund – Major Infrastructure Component. This funding is conditional on the project meeting applicable federal eligibility requirements of the Building Canada Fund and the signing of a contribution agreement. The Province of British Columbia is providing up to $23.5 million for this project. The total project cost is $36 million. Andrew Saxton, MP North Vancouver said, “This major interchange project will help reduce travel times and congestion for residents and visitors on this busy section of the Trans-Canada Highway in North Vancouver. Our Government is proud to make this project a priority for funding as we focus on creating jobs, promoting growth and building strong, prosperous communities across Canada.” Naomi Yamamoto, Minister of State for Tourism and Small Business said, “This project is great news for people living in Greater Vancouver and on the North Shore. The Province’s funding commitment is a major step toward bringing this project to fruition. Once underway, this new interchange will create jobs and prosperity for local residents while reducing congestion and improving safety for all travellers on this important stretch of highway.”