Government is providing more than $46 million in routine capital funding this fiscal year for public universities, colleges and institutions through Budget 2013.
All 25 institutions will receive funds to help pay for maintaining and upgrading campus facilities, from ensuring infrastructure and operational systems are performing at optimal levels to replacing boilers and elevators. As part of the routine capital allocation funding, some institutions will receive funds for facilities renovations, which include upgrades to roofing, HVAC or waterlines.
The routine capital allocation fund helps institutions improve safety and increase operating and environmental efficiencies on campuses. Through Budget 2013, government intends to provide more than $460 million over three years in capital spending at B.C.'s post-secondary campuses.
Minister of Advanced Education, Innovation and Technology Ralph Sultan -
"Through continued investment in post-secondary education we can provide British Columbians with the tools they need to be successful in the modern economy. This funding ensures our facilities give students the best possible learning experience."
For a backgrounder on the Routine Capital Allocation Fund 2013-14, visit: http://bit.ly/17rCMXb
Ministry of Advanced Education, Innovation and Technology