Planned Capital Projects - Town of Gibsons

A rendering of well 6

What Is a Capital Project?

A capital project is a long-term, capital-intensive investment project with a purpose to build upon, add to, or improve a capital asset. Capital projects are defined by their large scale and large cost relative to other investments that involve less planning and resources.

In the Town of Gibsons, a capital project usually refers to a cost-intensive initiative that will improve the value and service capacity of our infrastructure (e.g. the Whitetower Pond upgrade), or help us maintain our infrastructure (e.g. the purchase of a new dump truck).

In the 2023 Budget, $9.2 million has been proposed for capital projects. This would include the following projects:

Sanitary Sewer Capital Projects- $1,820,600

  • Centrifuge Replacement ($950K)
  • Emergency Diesel Pump ($200K)
  • Strategic Plan Update ($135K, 2022 carry-over)

Water Capital Projects – $2,114,300

  • Well 6 Facility ($964K, 2022 carry-over)
  • Venture Way and Cascade Crescent Watermains ($472K)
  • School Road Reservoir Seismic Assessment ($100K)

General Capital Projects – $ 5,264,000

View the related spreadsheets:

The 5-Year General Capital/Project Plan for 2023 to 2027 is scheduled to be presented on March 28, 2023.

Previous related documents from 2022: