ICBC has released financial figures of how much money was injected into the Prince Rupert community in 2015.
Comprising two of five different projects in Terrace and Prince Rupert (worth a culminated $136,550), Prince Rupert received an $8,450 boost from ICBC for a road sign and markings review study. McElhanney also partnered on the project.
Through another project on Highway 16, ICBC contributed $69,300 for the installation of shoulder and centreline rumble strips. The Ministry of Transportation and Infrastructure was the project’s other partner.
The company stated that its partnership in road improvement projects in B.C. has led to a 24 per cent reduction, on average, in severe crashes (involving serious injury or fatalities) and a 15 per cent reduction in property damage claims after an improvement is completed.
Altogether in B.C. ICBC invested $7.9 million in 400 projects – 113 focused on pedestrian and cyclist safety improvements.
“Since 1990, we’ve invested more than $138 million in road improvement projects and studies across B.C. to help reduce death and injury on our roads. While the findings of this evaluation are very encouraging, rising claim costs continue to put substantial pressure on customers’ insurance rates,” said Mark Blucher, ICBC president.
“We’ve been working together with ICBC and local governments on road improvement projects for two-and-a-half decades. These projects have brought immediate benefits for drivers, cyclists and pedestrians in communities across B.C. The evaluation results are evidence that the road improvement program is working,” added B.C. Minister of Transportation and Infrastructure Todd Stone.
Three additional projects in Terrace were completed including Highway 16, Sande Street and Keith Avenue emergency vehicle siren pre-emption equipment installation and improved traffic signal and pedestrian crossings.