ICBC spent more than $200,000 on a dozen road improvement projects on the North Shore in 2012, partnering with the City and District of North Vancouver as well as West Vancouver.
The City of North Vancouver was the main beneficiary, receiving more than $100,000 on projects including visibility upgrades to 100 stop signs and traffic signals at 64 intersections.
The corporations biggest expense on the North Shore was a $47,000 expenditure on pedestrian countdown timers across the city.
ICBC spent $20,000 installing a bike lane at West Esplanade between Chesterfield and Lonsdale Avenues, and another $15,000 to bolster the visibility of crosswalks at Grand Boulevard and Cedar Villlage.
ICBC put its money in the ground in the District of North Vancouver, paying $25,000 to install highly reflective pavement at 10 intersections in the district.
In an effort to make stop signs easily visible, ICBC paid $32,000 to upgrade at least 580 district stop signs.
A new roundabout at Keith Road and Marine Drive in Horseshoe Bay cost ICBC $45,000. The insurance corporation also paid $15,000 to improve signage for West Vancouver cyclists.
The improvements were part of ICBCs $8-million safer roads program for 2012.
ICBC credits the road improvements for a 20 per cent reduction in severe crashes and a 12 per cent drop in property damage crashes in the two years following the implementation of a safety project.
The improvements also help to keep rates low for ICBC customers, according to West Vancouver-Capilano MLA Ralph Sultan.
This investment by ICBC will pay dividends in the years to come by reducing crashes and costs, Sultan said in a press release. It gives value for dollar with an average of five times the return on investment.
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