The Cowichan Valley Regional District has agreed to borrow $450,000 towards the completion of a major section of the Cowichan Valley Trail.
Staff from the CVRD are at work building the approximately 10-kilometre section from the southern terminus of the trail at Sooke Lake Road to the boundary of the Capital Regional District.
The funding for the work is coming from a number of sources; including $300,000 from the federal gas tax, $440,000 from a grant from Bike B.C. and $360,000 from the Trans Canada Trail Foundation.
The $450,000 from the CVRD is considered to be the last piece of the puzzle to the completion of this section of the trail, known as the Malahat Connection Project.
The district’s loan will come from short-term borrowing and will be paid back over five years.
