VANCOUVER — Vancouver International Airport (YVR) has unveiled an ambitious plan to become a “world class, sustainable hub connecting Asia and the Americas.’

Titled ‘Flight Plan 2037’, the $5.6 billion roadmap includes a Capital Plan, Terminal Plan, Financial Plan and the YVR 2037 Master Plan. Upon completion, the airport will boast expanded terminals, new taxiways, a geoexchange system and upgraded roads and bridges to Sea Island, which will help support the estimated 35 million passengers expected to travel through YVR annually by the year 2037.

As Canada’s second busiest airport, YVR welcomed a record 22.3 million passengers in 2016, generated $5.3 billion in total Gross Domestic Product and drove $11.7 billion to the Canadian economy.

On the same day the plan was announced, the airport launched Phase 3 of the YVR 2037 Master Plan, a community and stakeholder consultation process that guides YVR’s land use decision-making and facility development for the next 20 years.

During Phase 2 of the YVR 2037 Master Plan, consultation and public input was received on ground access, environment, community amenities, terminal, airside and land use. Highlights included constructing the North-South Taxiway, increasing transit and connections to the airport, and creating green space, multi-use pathways and a new plane-spotting platform.

“I am so proud to lead the team that developed and will execute Flight Plan 2037. This plan is built to provide for the long-term capacity needs at YVR, while meeting and enhancing our sustainability goals and ensuring we build in an incremental fashion,” said Craig Richmond, President & CEO, Vancouver Airport Authority.