Good news regarding the replacement of the patullo bridge. The new replacement bridge is set to be complete in 2024, although an exact date could not be provided.
The new bridge will greatly improve accessibility between Surrey and New Westminster. The bridge will be 4 lanes initially, but have wider and more safer lanes.
In terms of real estate, I think this could possibly add value to the neighbourhoods on the Surrey side of the bridge. Areas like Cedar Hills, in particular, would have quicker and safer access into cities like New Westminster, Burnaby and further into Vancouver.
Here is the news story from CTV News Vancouver below: