Financing Growth

As New Westminster grows over the next 20 years, the City will need: new and improved utility infrastructure; roads and greenways; parks; recreation and heritage amenities; affordable housing; and childcare. The City uses a combination of the tools below to get new development to help pay for the capital costs generated by population and employment growth.

Hover your mouse over the chart for more information about each financing growth system.

Financing Growth Review

In 2004, the City of New Westminster began a comprehensive review of its approach to obtaining contributions from urban development projects to help pay for the infrastructure and amenities needed to support a growing population. This review identified three main strategies to increase the City’s ability to generate revenue for infrastructure and amenities:

1. A new Development Cost Charges system
2. A more structured approach for obtaining Voluntary Amenity Contributions
3. Use of Density Bonusing for obtaining amenities

Looking for more information?

The links below have more information on these tools, including any charges that apply to new development.

• Works and Services Agreements
• Greater Vancouver Sewer & Drainage Development Cost Charges
• School Site Acquisition Charges