Transportation Investment Corporation (TI Corp) is a Crown corporation wholly owned by the Province of British Columbia. TI Corp was established on June 25, 2008 under the Transportation Investment Act (SBC 2002). The corporation is currently undertaking the design and build of the Port Mann/Highway 1 Project (Project) and may also engage in or conduct business authorized by the Lieutenant Governor in Council.

On March 10, 2010, the Port Mann Highway 1 Bridge Concession Agreement, which outlines the terms and conditions of the Project was signed by authorized representatives of TI Corp, the BC Transportation Financing Authority (BCTFA) and the Ministry of Transportation and Infrastructure.

STATEMENT OF MANAGEMENT RESPONSIBILITY

Ti Corp's financial statements are prepared by management in accordance with Canadian generally accepted accounting principles.

Management is responsible for preparing the financial statements and has established a system of internal control to provide reasonable assurance that assets are safeguarded, transactions are properly authorized, and financial records provide reliable information for the preparation of financial statements.

The Board of Directors is responsible for reviewing and approving the financial statements and meets with management and the external auditor to discuss the results of the audit examination and financial reporting matters.  The external auditor has full access to the Board with and without the presence of management.

The Auditor General of British Columbia performed an independent audit of the financial statements annually. The Auditor’s report outlines the scope of his examination and expresses an opinion on the financial statements of the Transportation Investment Corporation.