ICBC-City of Richmond Road Safety Improvement Program Update 2026

Budgetary Implications The total estimated cost of the projects proposed to be included in the 2026 submission is $7,203,000. All projects are fully funded through existing Council-approved capital budgets. Should any submitted projects receive funding from ICBC exceeding the original budgeted external contribution, staff recommend that external grants be used to reduce the previously approved City funding sources, and that the Consolidated 5 Year Financial Plan (2026-2030) be amended accordingly.

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