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Columbia Basin Trust received a $295 million endowment by the Province. $250 million is committed to finance power project construction. As directed by Basin residents, $45 million is being reinvested for the benefit of Basin residents through short-term cash investments, business loans, real estate ownership, and venture capital projects.
Cranbrook is at the junction of major highways 3 and 93/95, and due to its close proximity to the borders of Alberta and the United States, it is an important transportation hub. Cranbrook has a major Canadian Pacific Railway yard, which serves as a key gateway for trains arriving from and departing to the United States.
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Columbia Power Corporation is a Crown Corporation, owned by the province of British Columbia, Canada. Its mandate is to undertake hydro-electricity projects in the Columbia River region of British Columbia. In so doing, it is required to work with its sister crown corporation the Columbia Basin Trust. Its assets include:
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The Columbia Basin is noted for its spring floods, major flood years were 1876, 1894, 1948 and 1964. [118] As recently as the mid-1960s, the upper Columbia and Kootenay rivers in British Columbia were still free-flowing and unaffected by dams and reservoirs, resulting in the 1948 Vanport Oregon flood. The uncontrolled discharge past the Canada ...