By: Luke Jones, Published on October 10, 2017 08:53 AM, Last Update on October 10, 2017 05:56 AM
The Insurance Corporation of British Columbia (ICBC) has given $930,000 to the City of Vancouver to help the city transform the safety of its street networks.
ICBC is currently in the midst of a financial crisis as claims costs and collisions in the province rise. However, road safety director Lindsay Matthews says the Crown corporation’s ongoing road improvement program has been well received. Due to the program, collisions and injuries have decreased in sections of road that have been fixed.
In a release, the ICBC says road improvements are carefully selected based on how much safer improvements could make a stretch of road. Assessments are made based on municipal and Ministry of Transportation data, claims history information, engineering concepts, and police data.
City officials say they will use the funding to focus on improving the Knight and Marine Interchange and the Burrard and Pacific intersection.
Other planned improvements include:
Total funding from the ICBC has reached $9 million so far.